Bursa Malaysia Derivatives Market Resumed Normal Trading

Trading on the derivatives market on Bursa Malaysia Derivatives Berhad for all products except FCPO and FPKO was suspended before opening this morning at 8:45am until 9:45am.  The derivatives market resumed its half hour pre-opening at 9:45am and commenced with trading at 10:15am.

The problem resulted when the Exchange was unable to disseminate market data to Trading Participants.  In order to ensure a fair and orderly market, the Exchange made a decision to halt the opening of derivatives trading until the problem was resolved. The Exchange’s system underwent an extensive testing over the weekend in preparation for the Bursa Trade Securities platform implementation and the problem arose when the system failed to initialize two log files which still captured the test data.

The Exchange took measures immediately to re-initialize the two log files and was able to disseminate the correct data within the morning trading session.

Bursa Malaysia, together with its technology vendor Atos Euronext Market Solutions (AEMS), is actively working on precautionary measures to prevent similar occurrences in the future. Dato’ Yusli Mohamed Yusoff, Chief Executive Officer of Bursa Malaysia said, “This problem was an isolated technical incident and we are taking the appropriate action to tighten procedures to ensure issues such as this do not occur after a system testing session.”