DMA Equities

Definition

Once the Bursa Trade Derivatives DMA platform is successfully implemented, the Exchange will then activate the BursaTrade Equity platform, offering the same freedom and added functionalities for our equity markets.

Timeline

The projected launch date for the Bursa Trade Equity DMA platform is 1H09.

Brokers may participate by either:
(a) Offering a direct connection to one of two Bursa DMA Gateways to their clients
(b) Developing an own in house solution (to be connected to the Bursa DMA Gateway)
(c) Purchase a solution from a 3rd party vendor (from an Approved Vendor) to be connected to the Bursa DMA Gateway.

Brokers who opt for (b) or (c) should read the DMA Handbook, in particular the explanatory notes and diagrams found in sections B.1, B.2 and B.3. This would spell out the conditions necessary to test connectivity to the Exchange’s platform.