Top brokers and market intermediaries honoured

Abdul Wahid delivering his welcome address at the Bursa Excellence Award 2019 ceremony.

Stock exchange operator Bursa Malaysia Bhd hosted the 7th edition of the Bursa Excellence Awards 2019 to honour top-performing brokers and market intermediaries.

Themed “Rising to the Challenge”, the awards ceremony recognised brokers and market intermediaries whose outstanding efforts had contributed to the growth across the securities, derivatives and Islamic markets in 2019.

A total of 47 awards in 21 categories were handed out during the ceremony.

This year, two new award categories were added — Best High Touch Foreign Institutional Participating Organisation and Best Bursa MidS Research House.

The former recognised a foreign broker’s active efforts to profile and promote Malaysia and Malaysian public listed companies to international and local buy-side investment professionals while the latter recognised the research house that has substantially contributed towards the success of the Bursa MidS Research Scheme in catalysing participation of investors in the high growth mid and small-cap segments.

In his welcome address, Bursa Malaysia chairman Tan Sri Abdul Wahid Omar said, “These awards celebrate the outstanding achievements of organisations and individuals who play a crucial role in encouraging the vibrancy and dynamism that is essential in our marketplace.”

“Considering the challenging period in 2019, our equity market remained on a positive track, driven by our combined efforts of encouraging more vibrancy and liquidity.

“Retail Invest Year 2019 was a resounding success with the growth in retail participation, reaching a record high not seen since 2010.

“The exchange-traded fund (ETF) market in Malaysia also saw a huge growth in trading activities following the issuance of 10 new ETFs last year, doubling the number of listed ETFs on the Exchange to 19.”

Top winners at the Bursa Excellence Awards 2019:

> Best Overall Equities: CGS-CIMB Securities

> Best Retail Equities: RHB Investment Bank (investment bank), Malacca Securities (non-investment bank)

> Best Institutional Equities: Maybank Investment Bank (investment bank), CGS-CIMB Securities (non-investment bank)

> Best Institutional Foreign: Macquarie Capital Securities

> Best Online Retail: CGS-CIMB Securities

> Best Online Institutional: UBS Securities Malaysia

> Best High Touch Foreign: Macquarie Capital Securities

> Best Remisier: Margaret Heng Siang Ying

> Best Proprietary Day Trader: Lai Teen Poh

> Best Bursa MidS Research: CGS-CIMB Securities

> Best Overall Bursa Malaysia-i: Affin Hwang Investment Bank

> Best Institutional Bursa Malaysia-i: Affin Hwang Investment Bank

> Best Retail Bursa Malaysia-i: Malacca Securities

> Best Overall Derivatives: TA Futures

> Best Retail Derivatives Trading: RHB Investment Bank

> Best Institutional Derivatives: Phillip Futures

> Best Trading Participant: TA Futures (commodity derivatives), Kenanga Futures (equity and financial derivatives)

> Best Local Participant: Loo Cheong Hin

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