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BURSA MALAYSIA SELECTS NASDAQ OMXs XSTREAM INET TO POWER TRADING PLATFORM

SUMMARY
This article is about the announcement of Bursa Malaysia that had been selected
NASDAQ OMX to power its securities market trading through NASDAQ OMX's industry
leading technology, X-Stream INET. This is the development that had been made by Bursa
Malaysia in order to improve the power of trading platform.
The main purpose of this new platform is to help Bursa in handling the trading of
equities, fixed income, ETF, funds and issuer warrants for Bursa Malaysia. In NASDAQs
words, it says that its technology will drive exchange innovation for Bursa Malaysia, helping
to attract market participants and create innovative products and services to match
international demand.
On the other hand, this article mentioned that X-Stream INETs system robustness
and speed will drive exchange innovation for Bursa Malaysia to attract a variety of market
participants and create innovative products and services to match international demand. The
deployment is scheduled during the first quarter of 2014. NASDAQ OMX was selected in
competition with a number of global exchange technology providers.
Through the researched that had been made, it proves that the NASDAQ OMXs Xstream trading technology is currently used by 22 exchanges globally and has recently been
named the worlds fastest trading system by independent latency measurement specialists.
The combination of these two successful companies represents a distinct opportunity to
create a truly unique client experience through premier content and best in class platforms.

ANALYSIS
Through this article, it shows that Bursa Malaysia is an approved exchange holding
company under Section 15 of the Capital Markets and Services Act 2007. A public company
limited by shares under the Companies Act 1965, Bursa Malaysia operates a fully-integrated
exchange, offering equities, derivatives, offshore, bonds as well as Islamic products, and
provides a diverse range of investment choices globally.
Bursa Malaysia Securities regulates and operates the securities trading activities in
Malaysia, a stock market with more than 900 companies across 60 economic activities.
Companies from the economic sectors are listed either on the Main Market for large-cap
established companies, or on the ACE Market for emerging companies of all sizes. The
Exchange adopts the FTSE Bursa Malaysia KLCI values as its main index.
For the NASDAQ OMX (NASDAQ: NDAQ), it is a leading provider of trading,
exchange technology, information and public company services across six continents.
Through its diverse portfolio of solutions, NASDAQ OMX enables customers to plan,
optimize and execute their business vision with confidence, using proven technologies that
provide transparency and insight for navigating todays global capital markets. As the creator
of the worlds first electronic stock market, its technology powers more than 80 marketplaces
in 50 countries, and approximately 1 in 10 of the world's securities transactions. NASDAQ
OMX is home to more than 3,300 listed companies with a market value of over $7 trillion and
more than 10,000 corporate clients

CONCLUSION
There many advantages through this combination of the two big companies. As we
can see that, when the Bursa partnered with Nasdaq OMX, it can help the Bursa to advance
Bursa Malaysias trading platform to support the future needs of the securities market. It also
reflects commitment to enhance Bursa Malaysias trading environment for all the
stakeholders. This relation can give the benefits to Bursa continuously had the better future
in many aspects. The Nasdaq bring the good innovation to the Bursa Malaysia in order to
help it in attracting the participants into the Bursa Malaysia.
At the same time, it can assist our country to have better development in economic. It
can improve our countrys economic sector. The technology that Nasdaq had, will give the
importance value for the Bursa Malaysia. This technology can assist the Bursa to provide
and create the innovative products and services that can satisfy the international demand.
So that, this is very helpful for Bursa Malaysia be known to others countries around the
world.
This new platform acts as the tool in helping the Bursa to develop in the good
condition. Nowadays, there are many challenges and competition that has to face in order to
stay smoothly and properly in many aspects. So, the combination between these two big
companies that act as the proper partner will show the better changes.

http://www.bursamalaysia.com/corporate/media-centre/media-releases/1689

BURSA MALAYSIA INTRODUCES eCASH PAYMENTS


FRAMEWORK

SUMMARY
This article is about Bursa Malaysia that has introduces the new development of the
eCash payment framework. In this article is stated that Bursa Malaysia has extended its
eDividend facility to include all types of cash payments made by listed issuers to their
securities holders. The enhancement of the electronic payment framework was done on the
back of encouraging response to the existing facility. Currently 80% of the total dividend
payments.
As mentioned in this article, under the eCash Payment framework, listed issuers are
now required to pay specified types of cash payments as determined by the Exchange, by
directly crediting the same into the bank accounts of their securities holders who have
provided their bank account details to Bursa Depository. Such cash payments include
payments of interest or profit rates on debt securities or sukuk, income distribution by Real
Estate Investment Trust (REIT) or Exchange Traded Fund (ETF) and capital repayment. In
addition, Bursa Depository may also facilitate listed issuers who wish to voluntarily pay other
types of cash payments electronically to their securities holders.
Besides, the securities holders that have not provided their bank account details to
Bursa Depository to receive their cash payments by way of direct credit into their bank
accounts are encouraged to do so through their stockbrokers and be eligible to enjoy the
administration fee waiver accorded by Bursa Malaysia, valid until 18 April 2013. Investors
can obtain the eDividend form and access more information on the process for providing
bank account details from Bursa Malaysia's website.

ANALYSIS

Exchange holding company, Bursa Malaysia, is extending its eDividend facility to


include a number for cash payments made by listed issuers to their securities holders. The
company, one of the largest bourses in Asia, said that the new features comes amid
encouraging response to its existing facility. At present 80% of the total dividend payments
received by securities holders are made via eDividend.
The main objective of extending the eDividend facility to other forms of cash
payments in addition to dividends is to promote greater efficiency for cash payments made
by issuers to their securities holders. In considering this, the Exchange and Bursa
Depository have taken cognisance of the various comments raised by stakeholders, in
particular the inherent problems arising from payments being made via cheque to securities
holders. Some examples are delays in receiving the cheque via the postal system, lost
cheques and the additional costs associated with the issuing of cheques.
The extension of the eDividend facility to other forms of cash payments is intended to
address the problems arising from cheque payments for these types of payments, with the
net result that securities holders will receive their payments within a shorter timeframe, in a
secure environment and without the need for further action on their part. Issuers also benefit
by being able to streamline their payment processing for most if not all, forms of cash
payments made to their securities holders, utilising an already familiar framework. At the
same time, this initiative is a further step towards the national agenda of migrating to
electronic payments as well as adherence to G-30s recommendation on best practices of a
paperless environment and zero-intervention process.

CONCLUSION

Here, we can conclude that the development that has been made by Bursa Malaysia
in payment of framework achieved the successful. It said this was part of the strategic
priority to propel the exchange to be the leading marketplace in Asia. Under the eDividend
framework launched in 2010, listed issuers are required to pay cash dividends directly into
their securities holders' bank accounts as provided to Bursa Malaysia Depository Sdn Bhd.
On the other hand, with this eCash Payments, securities holders will be able to
receive their payments within a shorter timeframe, in a secure environment and without the
need for further action on their part. At the same time, listed issuers will achieve greater
efficiency as direct crediting of payments into bank accounts will eliminate administrative
work such as reconciliation of unclaimed cheques and processing of requests for the
issuance of replacement cheques, among others. Bursa Malaysia said a consultation paper
had been issued to seek public feedback on proposals that were aimed at promoting greater
efficiency for cash payments made by issuers to their securities holders.
There are many benefits that will be getting when this ecash payment framework is
practicing in the system of the company. The users especially received the advantages and
had been provided the good service by the company or organizations. The circumstances
that involved the payment activities will be move smoothly and properly using this new
development of payment framework.

Friday, March 23, 2012


http://www.dailyexpress.com.my/news.cfm?NewsID=81058