Bursa Malaysia, Fusionex ink data agreement


Atan: ‘Bursa Malaysia will continue to tap into new technological innovations to further develop the marketplace and improve the effectiveness and accessibility of the exchange.’

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

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
   

Next In Business News

GLOBAL MARKETS-Inflation woes push US stocks to 1-month low
Oil prices rise on nagging fears of fuel shortages
CPO futures close lower for second day
Syed Najib steps down as group CEO of Pos Malaysia
Azman Ahmad appointed OIC of FGV
Ringgit slips against greenback to end at 4.1160
New counter operating hours at EPF offices nationwide
Bursa closes broadly lower as 980 stocks in the red
Public Bank records 1Q net profit of RM1.53bil
MARC assigns stable outlook for Serba Dinamik’s RM1.5b debt papers

Stories You'll Enjoy


Vouchers