Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Kuala Lumpur Composite Index Futures Market Resumes Normal Trading

Date 21/11/2007

Trading on the Kuala Lumpur Composite Index Futures (FKLI), which was suspended yesterday afternoon at 2:51pm, resumed normal trading this morning. 

The problem that occurred yesterday resulted when six out of 16 Trading Participants (TPs) were unable to match a number of orders that had been entered prior to the opening of the afternoon trading session. 

The exchange, together with Atos Euronext Market Solutions (AEMS), is actively working on a patch to prevent further similar occurrences. 

Omar Merican, Chief Operating Officer said, “Our priority remains in ensuring that the market continues trading without any interruption.  In addition to working with AEMS, the exchange has stepped up monitoring of opening orders to ensure that the market operates in a fair and orderly manner.”