Global investment bank UBS has launched direct market access on Malaysia’s national stock exchange, Bursa Malaysia.
The new offering will enable UBS clients to execute orders directly on the exchange electronically and anonymously, with no broker input. According to UBS, DMA access will increase clients’ speed of access and execution, and ensure full trade anonymity.
“UBS is committed to broadening the depth and quality of its execution services throughout Asia and providing clients with the necessary tools to access a diverse universe of coverage and trading options,” said Laurent Combalot, head of client trading and execution, Asian equities.
UBS’s latest DMA offering coincides with the launch of Bursa Trade Securities, the exchange’s new trading system, on 1 December.
The new platform signals the completion of the exchange’s integrated trading system, which will provide greater accessibility for both local and international investors, as well as enhance trading efficiency and transparency in the market. Matching on the new platform will be done on a continuous, real-time basis. On the current system, orders are matched every ten seconds.
Bursa Malaysia Berhad CEO, Dato’ Yusli Mohamed Yusoff said, “Global exchanges are leveraging heavily on technology to offer greater speed, access and control in trading. As our marketplace progresses in tandem with global market demands, this system’s new and improved features will allow market users and investors access to more trading opportunities.”