Bursa Malaysia's Bursa Trade Securities, the trading platform for the securities market, will be undergoing some enhancements on its trading phases for the morning session, from 8:30am to 12:30pm. Two features, Pre-Closing and Trading-At-Last, will be removed from the morning session, resulting in additional 15 minutes of continuous trading. These changes will take effect on 26 October 2009. Nonetheless, these two features will be retained for the afternoon trading session.
The Pre-Closing phase is intended to mitigate price manipulation and is especially suited for the end of a trading day. The Trading-At Last feature, which consists of the last 10 minutes of a trading day, will provide traders with the opportunity to trade at the closing price of a stock.
Bursa Malaysia Berhad's Chief Executive Officer, Dato' Yusli Mohamed Yusoff said, "This improvement is made in consultation with the market participants who echoed their support in making trading experience seamless and opportunities continuous for investors. Our priority is to facilitate a trading platform that gives accessibility in trading while maintaining price transparency and efficiency."
Table 1 summarises the current and the new trading phases for Bursa Securities trading platform:
| Trading Phases |
Market Timing
|
|
|---|---|---|
|
Current
|
New |
|
| 1st Session |
Normal/Odd Lot Market
|
Normal/Odd Lot Market
|
| Pre-Opening |
8:30AM
|
8:30AM
|
| Opening/Continuous Trading |
9:00AM
|
9:00AM
|
| Pre-Closing |
12:15PM
|
1st Session
Pre-Closing & Trading At Last removed |
| Trading At Last |
12:20PM
|
|
| End of Session |
12:30PM
|
12:30PM
|
| 2nd Session |
|
|
| Pre-Opening |
2:00PM
|
2:00PM *
|
| Opening/Continuous Trading |
2:30PM
|
2:30PM *
|
| Pre-Closing |
4:45PM
|
4:45PM *
|
| Trading At Last |
4:50PM
|
4:50PM *
|
| End of Trading Day |
5:00PM
|
5:00PM *
|
* No change for
2nd Session Trading
For more details on the changes, please go to www.bursamalaysia.com.
