Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”), TNG Digital Sdn. Bhd. (“TNG Digital”), and Affin Hwang Investment Bank Berhad (“AFFIN HWANG” or “the Bank”) today announced the launch of e-Trade, the first equities market trading feature within the TNG eWallet. As part of GOfinance, the investment hub within TNG eWallet, this feature aims to make stock market investing more accessible and user-friendly for all eWallet users.
e-Trade, an investment feature within TNG eWallet, enables seamless stock market trading through an eWallet, and integrates educational resources from MyBURSA. This initiative empowers investors with both the tools and knowledge to trade with confidence. This development marks a significant advancement in making stock investments more accessible to the public, thereby democratising investment opportunities and fostering financial inclusion nationwide through a secure and trusted investment platform.
TNG Digital’s e-Trade, powered by AFFIN HWANG, is the first-of-its-kind collaboration to revolutionise stock market participation by offering seamless convenience and accessibility to new investors through the platform. The product is designed with beginner investors in mind, offering simple yet essential features to help them kickstart equities market trading easily and confidently. As part of the GOfinance’s comprehensive suite of financial services, this addition empowers investors to seamlessly invest in and monitor their portfolios, all within a single, integrated app. Retail investors can now directly access a broad spectrum of products offered by Bursa Malaysia, including stocks and ETFs, providing a more rewarding and inclusive investment experience.
Encik Nurjesmi Mohd Nashir, Chief Executive Officer of Affin Hwang Investment Bank Berhad, emphasising the transformative potential of this initiative, said, “We are delighted to offer retail investors an easy-to-use trading platform with real-time data and responsive customer support. This launch is welltimed, as retail investors are already playing a big role in our market. We believe this new feature will encourage even more people to invest, which will increase the vibrancy and liquidity of the capital market. By combining our expertise with TNG Digital’s reach and Bursa Malaysia’s product offerings, we are creating new opportunities for Malaysians to engage in equity investing and achieve their financial goals.”
Equipped with a user-friendly interface, e-Trade allows investors to manage their share investment portfolios while conducting other financial transactions within the TNG eWallet ecosystem. The features accessible through e-Trade include online account opening, equities market trading education tailored for beginners, real-time market insights, and proactive customer support.
Mr. Alan Ni, Chief Executive Officer of TNG Digital, stated, “With e-Trade, an equities market trading feature by TNG Digital, we are making stock market participation easier and more inclusive, we are opening doors for a broader audience. This initiative aligns perfectly with Bursa Malaysia’s efforts to democratise equity investments and promote financial inclusion among Malaysians. Serving over 21 million verified users, TNG eWallet is the daily go-to platform for many Malaysians. With this new feature, we not only offer a user-friendly interface but also stringent security measures, providing a convenient and secure investment experience. e-Trade, one of the many investment options within GOfinance, is designed to expand, providing greater access to a variety of investment opportunities, enhancing financial empowerment and encouraging greater participation in the stock market.”
As part of the collaboration, Bursa Malaysia is committed to enhancing investor confidence and capability by providing comprehensive educational resources to empower users with the knowledge needed to make informed investing decisions. Datuk Muhamad Umar Swift, Chief Executive Officer of Bursa
Malaysia, added, “The use of advanced technology not only broadens access to the capital market for all Malaysians, but also removes traditional barriers to investment. Our continuous effort as a multi-asset exchange is that every Malaysian has the opportunity to actively participate in, and benefit from the opportunities that the marketplace offers”.
To incentivise user adoption, e-Trade is offering incentives such as a waived Central Depository System (“CDS”) account opening fee1 and a reduced brokerage fee of RM3 for equities market trading transactions2. Users will also enjoy access to real-time data and quotes3. Additionally, AFFIN HWANG will consolidate brokerage fee at the end of each trading day, benefitting investors who execute multiple trades on the same counters and on the same side within a single day, without imposing any platform fee. These measures are intended to lower the entry barriers for new investors, thus, enhancing the affordability of entering the investment market.
To learn more about the equities market trading feature within the GOfinance hub of the TNG eWallet, please visit www.touchngo.com.my/investment/e-trade/.
[1] Applicable to the first 100,000 new accounts within one year from the launch date.
[2] Effective until 31 October 2024 3 Valid until 31 January 2025
