PM Securities fully migrates to advanced trading platform with mobile capabilities
By Digital News Asia August 9, 2012
- Claims it is among the earliest Malaysian broking houses to meet Bursa deadline
- Envisions securities dealing to be anytime, anywhere and with any device
UNIVERSAL broker PM Securities Sdn Bhd announced it has migrated all its dealers and remisiers to an advanced electronic trading platform with full online capabilities, complying with the Direct Market Access (DMA) gateway mandated by Bursa Malaysia.
The new electronic platform allows PM Securities’ dealers and remisiers across Malaysia to access pertinent trading information, while their clients can execute trades directly to Bursa or assisted by dealers and remisiers, PM Securities said in a statement.
The DMA migration deadline has been extended from end-March to Dec 31, 2012. PM Securities claimed its successful migration means it is among the earliest Malaysian broking houses to meet the deadline.
Beyond mere compliance with the DMA guidelines, PM Securities is also implementing a technology upgrade to allow its dealers and remisiers to execute trades while meeting with clients away from the office through mobile devices such as smartphones and tablet PCs.
“We are pleased to have fully migrated to the new platform ahead of the deadline set by Bursa,” said PM Securities’ executive director Francis Ang.
“Going forward, dealing in securities should be a seamless process of instruction, transmission and execution of all orders, at anytime, anywhere and with any device,” he added.
PM Securities, a wholly-owned subsidiary of PM Capital Berhad and a member of the MUI Group of companies, has successfully converted its Broker Front End system and connected all its 10 offices to the latest trading infrastructure developed by homegrown N2N Connect Berhad called TraderConnect Pro (TC Pro) for dealers and remisiers and TraderConnect Lite (TC Lite) for clients.
Unlike webpage-based platforms, TC Lite enables clients to trade seamlessly without the need for additional plug-ins. It streamlines operations workflow and enhances the level of support services at significantly lower costs, N2N Connect claimed.
PM Securities’ current overseas trading facilities for dealers and remisiers will be complemented by N2N Connect’s applications which provide additional direct access to six international DMA-enabled exchanges.
ACE-listed N2N Connect specializes in electronic trading technologies.
“We are honoured that PM Securities entrusted their trading platform to N2N Connect and fully migrated ahead of schedule,” said N2N Connect managing director Andrew Tiang (pic).
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