KUALA LUMPUR: Bursa Malaysia Securities Bhd has introduced two new trading features which provide alternatives for participants to efficiently execute a greater variety of trading strategies.
In a statement yesterday, it said, the first was the good-till-cancel feature where a new order validity would remain in the order book until it expired after 30 calendar days or was cancelled by the investor, or withdrawn by the exchange before expiry.
The second feature, the stop market and Stop Limit, has been enhanced to allow investors to submit order types with pairing of day, good-till-date or good-till-cancel validity.
The enhancement also allowed stop orders to be submitted during pre-opening and pre-closing phases, it said.
Bursa Malaysia chief executive officer, Datuk Seri Tajuddin Atan, said the enhancement mechanisms provided investors greater flexibility in managing their orders and enable them to refine their trading and risk management strategies.
He said the expansion of order types and validity were timely, considering the growing sophistication of market participants.
“Bursa Malaysia will continue to undertake initiatives to provide a more efficient and facilitative market framework, complementing our efforts of making available a greater breadth of investment product offerings in line with its vision of being the region’s leading marketplace,” Tajuddin said.
In this regard, he said, Bursa Malaysia would continue to extract further value from its trading engine to broaden trading opportunities for market participants. — Bernama