Bursa Malaysia completes the final phase of its CDS Straight Through Processing (CDS-STP) initiative for its market participants. This phase complements the earlier initiatives under CDS-STP to provide CDS balances and intraday updates to shareholding positions in CDS accounts, introduced on 18 June 2012 and 13 August 2012.
Dato’ Tajuddin Atan, Bursa Malaysia Chief Executive Officer said “Bursa Malaysia has been receiving encouraging response and feedback from the market participants on the CDS-STP. We continuously strive to improve our infrastructure and services to meet the changing needs of the market participants in the capital market.”
With the completion of this phase, market participants’ are now able to automate voluminous depository related transactions from their back office straight into CDS. Subscribing brokers are able to reduce manual data entry, shorten turnaround times and facilitate faster data capturing for market participants’ back office operations.