NEW YORK and KUALA LUMPUR, Malaysia, Dec. 10, 2013 (GLOBE NEWSWIRE) -- Bursa Malaysia (BURSA:MK) and NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), today announced that Bursa Malaysia has gone live with their new trading engine, Bursa Trade Securities 2 (BTS2) powered by NASDAQ OMX's X-stream INET. The project was delivered ahead of schedule on 2 December 2013, well in advance of the initial target of the first quarter of 2014.
"The delivery of the BTS2 project is a significant milestone for the Exchange. It reflects our commitment to enhance our trading environment for all our stakeholders. We are pleased to have partnered with NASDAQ OMX, to advance our trading platform to support the future needs for the securities market," said Dato' Tajuddin Atan, Chief Executive Officer, Bursa Malaysia.
The new platform now handles trading of equities, fixed income, Exchange Traded Funds and issuer warrants for the Malaysian bourse. X-Stream INET's system robustness and speed is leveraged to drive exchange innovation for Bursa Malaysia as it attracts a variety of market participants and creates innovative products and services to match international demand.
"As Bursa Malaysia becomes one of the leading centers for trading in the region, attracting new IPOs and meeting Islamic finance demands, NASDAQ OMX is dedicated to working with the Malaysian exchange to further grow the dynamic ASEAN market," said Lars Ottersgård, Senior Vice President, Market Technology, NASDAQ OMX.
About Bursa Malaysia
Bursa Malaysia is an approved exchange holding company under Section 15 of the Capital Markets and Services Act 2007. A public company limited by shares under the Companies Act 1965, Bursa Malaysia operates a fully-integrated exchange, offering equities, derivatives, offshore, bonds as well as Islamic products, and provides a diverse range of investment choices globally.
Bursa Malaysia Securities regulates and operates the securities trading activities in Malaysia, a stock market with more than 900 companies across 60 economic activities. Companies from the economic sectors are listed either on the Main Market for large-cap established companies, or on the ACE Market for emerging companies of all sizes. The Exchange adopts the FTSE Bursa Malaysia KLCI values as its main index.
For more information on Bursa Malaysia, visit www.bursamalaysia.com.
About NASDAQ OMX
NASDAQ OMX (Nasdaq:NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, NASDAQ OMX enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 80 marketplaces in 50 countries, and approximately 1 in 10 of the world's securities transactions. NASDAQ OMX is home to more than 3,300 listed companies with a market value of over $7 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaqomx.com.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about X-Stream INET and NASDAQ OMX's other products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
CONTACT: NASDAQ OMX Media Contact: Ryan Wells +1 (212) 231-5541 (office) +1 (646) 581-4286 (mobile) Ryan.Wells@NASDAQOMX.com Bursa Malaysia Media Contact: Sharon Hui +60 3 2034 7659 (office) +60 3 2732 0069 (fax) firstname.lastname@example.org