Multi Sports Holdings Ltd, the Chinese maker of soles for shoes rose 3.5 per cent to 88 sen in its debut on the Kuala Lumpur stock exchange.
The stock is the most active on the Malaysian exchange with 52.2 million shares traded.
The company sold shares at 85 sen each in its initial public offering.
The trading halt of stocks for the purpose of disseminating material announcements by listed companies will be shortened to one hour from one trading session currently.
The new one-hour trading halt rule would be effective from August 3.
Bursa Malaysia Bhd chief executive officer Datuk Yusli Mohamed Yusoff said in a press release Monday that this would benefit companies as disruption of trading would be kept to a minimal.
He added that the shortening of the halt period would “enhance market efficiency as trading interruption is kept to a minimum and both the issuer and investor will benefit from being able to trade with minimal interruptions”.
DMA is direct automated order routing to an execution venue. In simple terms, this means that when the investor keys-in an order via his broker there is no manual intervention – the system routes the order directly to the Exchange (Bursa) after a process of checks and validations. The investor thus has direct electronic access to Bursa’s trading platform (Bursa Trade).
Whether you are an investor, a broker or a vendor – the opening of Malaysia’s integrated derivatives and equities exchange can only mean one thing: opportunity.
DMA positions Malaysia on par with our Asian Pacific neighbours in terms of market access infrastructure. The market enjoys greater breadth and depth, and investors can look forward to being able to invest in multiple products across multiple markets.
The technology enabler for this is the open application protocol interface (Open API), the most common being the FIX Protocol.
Bursa Malaysia’s Direct Market Access (DMA) infrastructure for the equities and derivatives markets is aimed at providing extensive access and connectivity to global investors. Bursa Malaysia’s DMA is unique in that it offers Sponsored Access with a centralised gateway that is hosted by the Exchange. Bursa’s Sponsored Access enables brokers to connect their institutional clients directly to the Exchange’s trading infrastructure.
Bursa Malaysia’s DMA offers these key benefits that are appealing.
1. Sponsored Access
Privileged DMA clients are given direct access to Bursa Malaysia without going through a broker’s trading infrastructure
2. Global Access
DMA clients may access Bursa Malaysia’s products and execute trades from anywhere around the globe*
3. Low Latency
Integrated DMA gateway that links directly to the Data Centre
4. Real-time Prices
Maximise trading opportunities on the latest price dip or surge
5. Self-order Management
In control of trades and manage own portfolio risk exposure
A DMA client can get connected to the Bursa Malaysia DMA Gateway using the following network providers:
• BT Radianz
• N2N Connect Berhad
• Telekom Malaysia (TM) Berhad
• TIME dotcom Berhad
• Celcom (Malaysia) Berhad
• Maxis Communication Berhad
• GL Net
* Connectivity is dependent on the available network of the client’s location / country.
DMA ORDER FLOW
Please address all general enquiries on DMA information to:
Email: dma@bursamalaysia.com
For more information please visit Bursa website at:
http://www.bursamalaysia.com/website/bm/trading/DMA/
