Datuk Muhamad Umar Swift
KUALA LUMPUR: Bursa Malaysia Bhd
has launched a universal connectivity solution called Bursa Connectivity Services that allows global users access to its pool of data quickly and seamlessly.
The exchange said Bursa Connectivity Services connects buy- and sell-sides, information vendors as well as third-party solution providers.
"This new initiative will establish a larger pool of international investors for Bursa Malaysia.
"It will allow more global investors greater access to our market, breaking down barriers and allowing for a more seamless flow of insights resulting in increased investor interest,” chief executive officer Datuk Muhamad Umar Swift said in a statement.
This is the first time such a product is being offered by the exchange, which provides coverage across more than 900 data centres in 32 countries spanning Asia, Europe and the United States.
With this solution in place, users will be able to create new financial products, analyse trading opportunities and meet the growing demand of investors.
"In 2021, Bursa Malaysia contributed US$200 billion to global total trading value. With this new connectivity solution, we will be more visible to the global market as our data will be more readily available and accessible, thus enabling improved trade flow,” Muhamad Umar said.
Director of Bursa Intelligence Wong Chiun Chiek said that over the past three years, Bursa Malaysia’s data business has evolved from managing data ‘as-a-business’ to a more strategic mandate using data and digital capabilities to drive new and impactful innovations in areas, which aim to create value for the industry, such as the environmental, social and governance (ESG) agenda of the market.
"This newly acquired capability will boost our ambition to diversify business channels and reach new client segments.
"This opportunity also serves as a new non-trading revenue source for the exchange,” he added. - Bernama
