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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.

Related Posts:

• BTS Can’t Display VWAP
• Broker Trade Securities Update
• Bursa Trade Securities (BTS) Live!
• Bursa Trade Securities Website
• Theoretical Opening Price and Theoretical Closing Price

News Alert Date : 19 July 2008

It was reported that Yew Kim Keong, Bursa’s Chief Information Officer (CIO) has resigned.

Yew was reported to have resigned on his own accord following a system wide technical failure in Bursa’s Equity Trading system that caused a full day without trading on 3 July 2008.

His resignation will take effect from 31 July 2008.

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Bursa’s Head of IT Development and Services, Ang Ting Kang, has been appointed acting CIO.

Will there be more ?

One question should be ask is why did Bursa’s Disaster Recovery System failed eventhough Bursa hold 4 testing annually. Could it be that Bursa’s  Business Continuity Plan was not complete?

Could it be that when Bursa hold Disaster Recovery exercise, Bursa did recovery for all system (example: equity and futures) and not on recovering only one system?

All these questions will only be known to Bursa.

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