KUALA LUMPUR, 4 MAY 2009 – International investors will have enhanced access to Malaysia’s stock exchange (Bursa Malaysia) due to a new KL global network, according to IT services firm SunGard.
SunGard chief product officer for global trading business, Vincent Burzynski, said the
GL Net low-latency market data and order routing network in KL would be the eighth to have opened in the Asia-Pacific region.
Burzynski said this move would provide international investors with access to Bursa Malaysia, the Malaysian equity and derivatives exchange. “Local financial institutions will also gain access to SunGard’s GL Net network of brokers, and be able to take advantage of direct market access execution services to more than 110 exchanges and liquidity pools.”
GL Net is a high-bandwidth global network, providing order routing and market data delivery services. GL Net links a direct market access community of financial institutions, with brokerage organisations offering trading services for the world’s electronic markets in all core asset classes. GL Net’s connectivity hubs also support low-latency market data delivery from global markets, and the network continues to expand to cover emerging electronic markets.
Will help access other emerging markets
“By opening this new GL Net hub, SunGard will help international investors send electronic orders cost-effectively to Malaysian brokers via GL Net, helping them trade on the Bursa Malaysia and create new investment opportunities” he said. “To date, 11 local brokers have also already agreed to collect orders through GL Net.”
“The launch of this new hub helps us to address an increasing demand from our Asia Pacific customers for greater direct market connectivity in the region,” said Burzynski. “It will also help international investors to access emerging markets in the region through the Bursa Malaysia.”
