Domestic stock exchange Bursa Malaysia has implemented a new market surveillance system to monitor equity and derivatives trading developed by MillenniumIT, the technology firm owned by the London Stock Exchange (LSE) Group.
Bursa Malaysia launched the new cross-asset class system on the last day of 2012 to react faster to changes in trading behaviour and implement new regulations.
The Millennium Surveillance System can identify trading patterns at both the broker and investor level and the bourse hopes the new capabilities will help to improve market stability and trader confidence.
Dato' Tajuddin Atan, CEO of Bursa Malaysia, said investor protection and market integrity were key drivers behind the implementation.
"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," Atan said.
MillenniumIT, a Sri Lanka-based technology firm, was acquired by the LSE Group in 2009. The bourse used the acquisition to build a new trading platform for its domestic UK and Italian domestic stock exchanges and Turquoise multilateral trading facility.
Recently, the LSE Group has rolled out its MillenniumIT technology to the London Metal Exchange and markets in Hong Kong, Oslo and Johannesburg.