Bursa Malaysia's Dma Wins FOW's 'Best Innovation By An Exchange' Award

Bursa Malaysia's Direct Market Access (DMA) for derivatives has been named the ‘Best Innovation by An Exchange' by the Futures & Options World (FOW) Awards 2009 under the category of Customer Service, South and Southeast Asia and Australasia. This award recognised excellence in product and services innovation which have proved itself beneficial to the derivatives market. This win, which beat 50 other participants, was selected across all categories and regions.

Dato' Yusli Mohamed Yusoff, Chief Executive Officer of Bursa Malaysia said, "We are delighted to be acknowledged within the derivatives industry for this achievement. Our DMA Sponsored Access model for derivatives gives market participants and traders faster access, real time execution of trades and enables them to have better control over order executions. This award further stamps the industry's recognition of Bursa Malaysia's strength in offering derivatives products and services which are of global standards and more importantly, meets the market's needs for greater accessibility and efficiency in trading."

Bursa Malaysia's DMA derivatives supports algorithmic, block trading and market making. Bursa Malaysia's DMA derivatives is unique in that it offers Sponsored Access with a centralised gateway that is hosted by Bursa Malaysia, the first exchange to offer such a service. This Sponsored Access enables futures brokers to connect their institutional clients directly to the Bursa Malaysia's trading infrastructure. In the derivatives market, 11 participants have already completed this process and benefited from the higher efficiency and access in trading.