New entrants for online trading

The SC said the entry of the players can bring about healthy competition, potentially benefiting investors with a wide range of options and opportunities.

TWO foreign stockbrokers will soon be making their entry into the online stock broking market in Malaysia, adding more competition to an industry already up to its neck in rivalry.

Hong-Kong based, Nasdaq-listed Futu Holdings Ltd recently launched its investment platform called moomoo while Webull Corp, owned by Chinese group Fumi Technology is also believed to be doing the same soon.