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Bursa Malaysia Announces The Successful Launch Of Its New Derivatives Trading Platform

Date 12/12/2006

Bursa Malaysia today announced the successful launch of the first phase of its new trading engine Bursa Trade, powered by Atos Euronext Market Solutions' NSC (Nouveau Systeme de Cotation / New Quote System) trading engine.

YBhg. Dato' Yusli Mohamed Yusoff, Chief Executive Officer of Bursa Malaysia said, "The successful launch of Bursa Trade for derivatives trading is a major milestone for Bursa Malaysia. Bursa Trade, which is built on a sophisticated, exciting and most advanced system, enables us to meet the requirement for growth and alignment with international trading. Bursa Trade also demonstrates our commitment to investing in the right technologies in our effort to further improve market accessibility and liquidity as well as increase trading efficiencies."

The new platform provides the Exchange with enhanced functionality and flexibility with its revolving implied and sophisticated strategies designed to improve market liquidity, resilience and performance.With the system's increased capacity and performance, Bursa Trade is able to support up to 8,000 orders per second. Subsequent to the launch of the platform on 20 November 2006, Bursa Malaysia broke its previous trading records. The Kuala Lumpur Composite Index Futures (FKLI) hit a record volume of 28,591 contracts while all exchange traded contracts hit 48,710 recently.

Dato' Yusli also added that with the upgraded system infrastructure, market participants can look forward to greater system stability during bullish times when there is a surge in the volume of trading activity. In addition, Bursa Trade enables market participants to define their own trading strategies using the new derivative front-end trading system apart from those defined strategies provided by the Exchange.

"We are delighted to bring to the Malaysian marketplace our leading trading platform, which we believe will allow Bursa Malaysia to deal with increased volumes and improved performance, as well as continuing to innovate through the launch of new products. We look forward to further developing our relationship with Bursa Malaysia", said John Oddie, Global Head of Exchange Business Unit of Atos Euronext Market Solutions (AEMS).

Bursa Malaysia will now work closely with AEMS on the next phase of the project which will transfer the cash equity market onto the same infrastructure - which includes NSC (leading trading platform used by 14 exchanges, including the Euronext Group), ARAMIS (market surveillance platform used by 4 European Regulators), and PAM (broker workstation).