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TA Securities beats Bursa Malaysia's DMA deadline

AvantiKumar | May 24, 2012
Malaysian stockbroking house TA Securities launches advanced electronic trading platform.

TA Securities first to beat Bursa Malaysia DMA deadline

PHOTO - (From left) Bowie Poopathy A/L Muniandy - head of IT, TA Enterprise; Andrew Tiang - founder and managing director, N2N Connect; and Datin Alicia Tiah - managing director, TA Enterprise.

Wholly-owned subsidiary of TA Enterprise, TA Securities, is the first stockbroking house in Malaysia to comply with the direct media access deadline set by the country's stock exchange, Bursa Malaysia.

TA Enterprise managing director Datin Alicia Tiah said the company's TraderConnect Pro (TC Pro) infrastructure was implemented during 19 months by Malaysian applications service provider N2N Connect.

"We are proud to be the first local company to fully integrate ourselves to the new platform, well ahead of the deadline mandated by Bursa Malaysia," she said. "Our dealer representatives have been very receptive as the mobile trading capability gives them more flexibility in meeting clients' needs."

N2N Connect managing director Andrew Tiang said that the milestone of being the first securities house to introduce a replacement trading platform on the Direct Market Access (DMA) gateway beat Bursa Malaysia's revised deadline of 30 September by at least five months.

"The centralised platform simplifies trading by enabling TA Securities' 558 dealers and remisiers in seven branches - and their clients - to trade seamlessly, whether assisted by brokers or online, including execution from mobile devices such as smartphones and tablet PCs," said Tiang.

He said trades could now be executed faster than before with orders being entered directly into Bursa Malaysia's trading engine, instead of indirectly (via a Broker Front End, or BFE interface), giving a significant advantage to TA Securities.

"The platform also facilitates new trading instruments or strategies such as Good-Till-Date (GTD) orders, block trading, and algorithmic riding as well as offers advance trading tools and charting services for the broking house and for individual traders," said Tiang, adding that TA Securities were now able to tap into N2N Connect's applications and also gain direct access to at least six international exchanges, which have already launched their own DMA platforms.


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