MillenniumIT, a leading technology solutions provider announced today that Bursa Malaysia Berhad has migrated its equity and derivatives market surveillance systems to Millennium Surveillance, a multi asset, cross market surveillance platform, with effect from the 31st of December 2012.
The new surveillance platform will enable Bursa Malaysia to rapidly identify trading behaviour, and facilitates easier and faster implementation of changes in response to trading behaviours and regulatory developments.
The implementation of Millennium Surveillance at the Exchange involved the integration of the equity and derivatives trading platforms to a unified Surveillance system offering Bursa Malaysia a much richer insight to the trading practices of the brokers, traders and individual investors of the Malaysian market.
Tony Weeresinghe, Chief Executive Officer of MillenniumIT said, “We are delighted that Bursa Malaysia is now live with our Millennium Surveillance product for the surveillance of its equity and derivatives markets. The Millennium Surveillance platform will further enhance Bursa Malaysia’s effectiveness in ensuring a fair and orderly market, thereby improving the confidence of market participants.”
What will 2013 bring? The economic weather is still unsettled, yet expert opinion is that market activity around the world will continue to grow. There are still many potential business wins out there; as these words are being written, MillenniumIT has just announced a new contract with the Bolsa de Valores in Lima, Peru. But just as important as new business gains will be the links we continue to maintain and develop with our existing customers around the world. May the year to come bring success to us all.