KLSE technical problem and stop trading for 30 minutes with new BURSA TRADE SYSTEM.
MALAYSIA MEMANG BOLEH.
22 Dec 2008
BURSA MALAYSIA RECTIFIED TECHNICAL PROBLEM WITH SECURITIES MARKET EXPEDITIOUSLY
Bursa Malaysia Securities Berhad managed to rectify the technical problem it encountered today on its Bursa Trade Securities system in a timely manner with minimal trading disruption.
In order to preserve a fair and orderly market, the Exchange decided to halt the securities market at the beginning of the afternoon trading session. The Exchange identified an issue with an application module for the Pre-Opening Phase. This resulted in the system rejecting orders keyed in by brokers during the Pre-Opening phase of the afternoon trading session.
Dato’ Yusli Mohamed Yusoff, Chief Executive Officer of Bursa Malaysia said, “We were able to identify the cause and resolved the problem expeditiously and commenced with the pre-opening phase at 2:50pm. Our priority remains in monitoring the system vigilantly and in ensuring there is minimal disruption to trading.”
The derivatives market was unaffected and continued to trade as normal.
Source: http://www.klse.com.my/website/bm/media_centre/media_releases.html?/bm/media_centre/media_releases/years/2008/20081222_181055391.html