RNS Number : 0501S
Patsystems PLC
12 May 2009
DATE: 12 May 2009
CONTACTS: Barry White
Regional Director Asia Pacific, Patsystems plc +65 6216 0459
Katherine Bradford
Head of Marketing, Patsystems plc +1 312 542 1313
Chua Hooi Dean
Manager, Branding and Public Relations,
Bursa Malaysia Berhad +603 2034 7228
Patsystems Announces Connectivity to Bursa Malaysia
Singapore: 12 May 2009 - Patsystems, the trading solutions provider to the derivatives industry, is pleased to announce that it now offers connectivity to Bursa Malaysia Derivatives Berhad, the futures and options segment of Bursa Malaysia.
Bursa Malaysia is one of the largest bourses in Asia with just under 1,000 listed companies offering a wide range of investment choices to the global marketplace.
Customers of Patsystems will now be able to trade Malaysian flagship products electronically, most notably the Malaysian Crude Palm Oil futures. Additional products include Kuala Lumpur Composite Index (KLCI) futures as well as 3-Year, 5-Year, and 10-Year Malaysian Government Securities Futures.
Omar Merican, Chief Operating Officer, Bursa Malaysia, said:
'We introduced Direct Market Access (DMA) for derivatives in 2008 and this has enabled the derivatives market to move into an automated order routing mode which is in line with Bursa Malaysia's aim of increasing our accessibility and efficiency. The implementation of Patsystems will certainly enhance our competitive edge in the derivatives market.'
Barry White, Regional Director of Asia Pacific, Patsystems, said:
'Patsystems has seen unprecedented growth in Asia Pacific and, as a result, we are increasing our Asian exchange connectivity. Bursa Malaysia is one of the most sought-after markets in the region with its Crude Palm Oil futures and Kuala Lumpur Composite Index (KLCI) products. We anticipate significant demand for access to Bursa Malaysia from both regional and international participants.'
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About Patsystems
Patsystems delivers tailored solutions, built from modular components, to enhance derivatives trading performance and trade processing. We work in partnership with our customers to deliver robust systems that align with their business strategies. Our solutions can range from a plug-and-play module to address a specific issue, to complete high-performance trading systems with global market access. Patsystems operates from a global network of offices covering all major derivatives trading centres. Our shares are traded on the London Stock Exchange's Alternative Investment Market (AIM). www.patsystems.com
About Bursa Malaysia
Bursa Malaysia is an exchange holding company approved under Section 15 of the Capital Markets and Services Act 2007. It operates a fully-integrated exchange, offering the complete range of exchange-related services including trading, clearing, settlement and depository services.
Bursa Malaysia today is one of the largest bourses in Asia with just under 1,000 listed companies offering a wide range of investment choices to the world. Companies are either listed on Bursa Malaysia Securities Berhad Main Board for larger capitalised companies, the Second Board for medium sized companies or the MESDAQ Market for high growth and technology companies.
This information is provided by RNS
The company news service from the London Stock Exchange
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