DMA Derivatives General Information

With the launch of our electronic trading environment Bursa Trade, the Bursa Trade Derivatives DMA platform has been activated. Our local brokers now enjoy the freedom of being able to choose a front-end solution best suited to their needs.

Investors who are interested to participate in our futures & options markets may now route their orders (via a local broker) directly to the Exchange. The investor may do so with their preferred trading tool – either the one provided by the local broker or their own. This is clearly a superior model compared to the current phone/fax model which increases latency.

In fact, this "Sponsored Access" model won the "Best Innovation by an Exchange" award by FOW under the category of Customer Service, South and Southeast Asia and Australasia.

Timeline

The Bursa Trade Derivatives DMA platform was successfully launched in March 2008.



Brokers may participate by either:

1. Offering a direct connection to one of two Bursa DMA Gateways to their clients
2. Developing an in-house solution (to be connected to the Bursa DMA Gateway)
3. 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.

List of Approved Vendors

No	Name of Organisation	Contact Person	Contact Details
1	ExcelForce MSC Berhad	Mr Jeff Wang	Tel: +603 7629 8168 E-mail: jeffwang@excelforce.com.my
2	N2N Connect Berhad	Mr Andrew Tiang	Tel: +603 2163 2000 E-mail: andrew.tiang@n2nconnect.com
3	Patsystems Pte Ltd	Mr Tom Lan	Tel: +65 6216 0462 E-mail: tom.lan@patsystems.com
4	SunGard Global Trading (GL Trade Solution)	Mr Richard Zhu	Tel: +65 6827 0703 E-mail: Richard.ZHU@sungard.com

Note:

The above Approved Vendors are listed in alphabetical order with no preference or priority whatsoever given by Bursa.

List of Network Providers

DMA clients have to engage one of the network providers below to connect to the Bursa DMA Gateway.

DMA Clients may opt for:-

Local & International Financial Network Providers:-

Telephone Companies:-

Note:

The above network providers are listed in alphabetical order with no preference or priority whatsoever given by Bursa.

Trading Statistics

(Please click here to view)

Regulatory Framework

This phase of the project calls for the introduction of specific DMA rules.  Amendments made to the Rules of Bursa Malaysia in relation to Direct Market Access can be viewed here.


Documents for your reference:-

1. Minimum Test Cases for EUAT version 1.01
2. DMA FIX Specs version 3.01c

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