Bursa Malaysia goes live with MillenniumIT’s Surveillance Platform

Tuesday, 22 January 2013 00:00 - - {{hitsCtrl.values.hits}}

MillenniumIT, a leading technology solutions provider, announced that Bursa Malaysia Berhad has migrated its equity and derivatives market surveillance systems to Millennium Surveillance, a multi asset, cross market surveillance platform, with effect from 31 December 2012.

The new surveillance platform will enable Bursa Malaysia to rapidly identify trading behaviour, and facilitates easier and faster implementation of changes in response to trading behaviours and regulatory developments. The implementation of Millennium Surveillance at the Exchange involved the integration of the equity and derivatives trading platforms to a unified Surveillance system offering Bursa Malaysia a much richer insight to the trading practices of the brokers, traders and individual investors of the Malaysian market.

MillenniumIT Chief Executive Officer Tony Weeresinghe said: “We are delighted that Bursa Malaysia is now live with our Millennium Surveillance product for the surveillance of its equity and derivatives markets. The Millennium Surveillance platform will further enhance Bursa Malaysia’s effectiveness in ensuring a fair and orderly market, thereby improving the confidence of market participants.”

This initiative signals to investor’s Bursa Malaysia’s commitment to investor protection which is in line with the Exchange’s broader effort to create a more facilitative trading environment for investors.