Bursa Malaysia has suffered a “multi-hardware failure in its core trading system”, meaning all equities trading was suspended for the whole of Thursday.
Despite trying to get the market up and running for the afternoon session of trading on the Kuala Lumpur Exchange at 14.30, the problem could not be rectified.
Bursa Malaysia CEO Datuk Yusli Mohamed Yusoff said at a press conference that it was the worst failure in the exchange’s history, but was hopeful of a normal trading day on Friday.
Trading of derivatives was not affected, although a statement from the exchange stated that there would not be any underlying KLCI benchmark for futures and options products.
The exchange is the middle of upgrading its cash equities systems after migrating its derivatives on to a platform provided by Atos Euronext Market Solutions but it is not clear whether this was the cause of the problem.