Bursa Malaysia adopts MillenniumIT surveillance tools
Bursa Malaysia is based in Kuala Lumpur
Bursa Malaysia has introduced a new market surveillance system for equities and derivatives from Sri Lanka-based IT company MillenniumIT.
MillenniumIT is a subsidiary of the London Stock Exchange Group. The new system, Millennium Surveillance, has been designed to allow for swifter responses to suspicious trading behaviour and potential market abuse. The new system allows the bourse to identify trading behaviour quickly at both the broker and investor levels, and includes market replay abilities so that trading activity can be reconstructed, allowing each transaction and its effects on the market to be reviewed in detail.
“Given the size, complexities and level of technical sophistication of markets, stock exchange regulators are constantly striving to meet one of today’s most difficult challenges – that of effective supervision of a dynamic capital market,” said Dato’ Tajuddin Atan, chief executive at Bursa Malaysia. “Effective surveillance is an essential requirement for a well-functioning capital market that emphasises investor protection and market integrity.”
In October last year, Bursa Malaysia joined the Singapore Exchange on the ASEAN link, a regional trading link between the bourses of six Association of Southeast Asian Nations member states.
