Bursa Malaysia Implements A New Market Surveillance System From MilleniumIT

03/01/2013

Bursa Malaysia Berhad (“Bursa Malaysia”) replaced its existing market surveillance systems for its equity and derivatives markets with the Millennium SurveillanceTM System, effective 31 December 2012.

The new system, developed by MilleniumIT, is a unified “cross market” surveillance platform for both the equity and derivatives markets. The implemented new market surveillance system (“MSS”) is in furtherance to the Exchange’s commitment to investor protection and to ensure a fair and orderly market. It is also in line with Bursa Malaysia’s broader effort to create a more facilitative trading environment for investors.

Millennium Surveillance™ is a multi-asset, cross-market, flexible platform, which allows for swifter implementation of changes in response to trading behaviours and regulatory developments. The MSS allows Bursa Malaysia to identify trading behaviour patterns rapidly at both the broker and investor levels. It also includes a comprehensive market replay capability to promptly reconstruct trading activities of the market as it occurs, allowing each transaction and its effects on the market to be closely reviewed.

Bursa Malaysia Chief Executive Officer, Dato’ Tajuddin Atan said, “Given the size, complexities and level of technical sophistication of markets, stock exchange regulators are constantly striving to meet one of today’s most difficult challenges - that of effective supervision of a dynamic capital market. Effective surveillance is an essential requirement for a well-functioning capital market that emphasises investor protection and market integrity.”