Another IT System Failure at Bursa?
Filed Under (Bursa Alert!) by Webmaster on 08-09-2008
Tagged Under : broker trading system, bts, bursa derivatives down, bursa down, Yew Kim Keong
ProTradeShares was informed that Bursa Malaysia announced that the Derivatives trading is suspended for the first half of today (8 September 2008). Here is the quote from Bursa:
“The opening of the derivatives market on Bursa Malaysia Derivatives will be delayed due to a technical problem detected this morning. “
The equity and bond markets were not affected.
Bursa Malaysia made a second announcement at 2pm today that the derivatives market will resume trading on the second half.
Previously Bursa was suspended for One day for the equity trading system due to IT problem which lead to the resignation of Bursa CIO, Yew Kim Keong.
Due to the equity trading system down for the one whole day incident, the launching of the new Broker Trading System (BTS) has been delayed many times. The new scheduled date is in November 2008. Bursa is now being ultra cautious and making sure the BTS has more testing before going online.
