KUALA LUMPUR: Bursa Malaysia Bhd and information technology software group Fusionex International have inked an agreement to provide services related to Enterprise Data Analytics (EDA) solutions.
EDA focuses on discovering and communicating meaningful patterns in data to facilitate highly accessible, accurate and timely information at the exchange, providing better strategic insights and applications for improved customer-centric decisions.
Bursa Malaysia chief executive officer Datuk Seri Tajuddin Atan said the exchange planned to provide greater value to the capital market by leveraging on the big data revolution.
“Digitalisation is a process that is ongoing in every sector, industry and community in the global economy.
“And Bursa Malaysia will continue to tap into new technological innovations to further develop the marketplace and improve the effectiveness and accessibility of the exchange,” he said in a statement.
By implementing EDA to complement the exchange’s trading platform, Bursa Malaysia enhances its capability to process large amounts of complex data with high performance and speed.
The solution will enable the exchange, among others, to keep track and identify patterns and trends in the multitude of stock and price movements in the market. — Bernama