The Kuala Lumpur Stock Exchange is to introduce a new trading platform by the end of 2004, as part of its efforts to upgrade its trading and settlement systems.
The new trading platform will cover equities as well as derivatives, and eventually a new clearing system, starting with derivatives at the end of this year, followed by equities in mid-2005. A new clearing and settlement platform will follow at some point thereafter.
The new platform will be supplied by Atos Euronext, a 50:50 joint venture between Euronext and the Atos Origin IT company.
The current trading platform, WinSCORE, is now 12 years old.