As we have stated, our preliminary investigations indicate that the situation concerned was the result of an error in the execution of orders by CIMB Securities Sdn hd. It did not arise out of loopholes in the current system’s limit controls.
Bursa Malaysia Berhad is confident that its current system limits are adequate to ensure fair and orderly trading while allowing for natural market discovery of securities’ prices. There is no immediate need to review the current system controls.
While Bursa seeks to continue its efforts in maintaining a fair and orderly trading environment, we also urge all market players to manage their own internal risks proactively, inclusive of optimising the current in-built risk management features available on the Broker Front End (BFE) of the WinSCORE trading system. These enable brokers to independently determine their internal control measures above and beyond the market limits set by the exchange.
