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Home  >>   Daily News  >>   Malaysia News  >> Capital Markets  >>   BURSA MALAYSIA DERIVATIVES BRANCHING INITIATIVE TAKES OFF WITH THE FIRST FUTURES-ONLY BRANCH OFFICE IN JOHOR BAHRU

NEWS UPDATES Asean Affairs   15 April 2013  

BURSA MALAYSIA DERIVATIVES BRANCHING INITIATIVE TAKES OFF WITH THE FIRST FUTURES-ONLY BRANCH OFFICE IN JOHOR BAHRU

Bursa Malaysia Derivatives Berhad (Bursa Malaysia Derivatives) today announced that their futures broking branching initiative will soon be operationalised through the establishment of the first futures-only branch office by one of their futures brokers, Phillip Futures Sdn Bhd, on 18 April 2013.

This initiative is to enable futures brokers, particularly the standalone brokers (futures brokers who are not investment banks, universal brokers or 1+1 brokers), to expand their business reach by setting up branch offices and trading kiosks in various locations in Malaysia apart from their existing principal office. Futures brokers will be able to better serve their existing clients and to provide more access points to attract new clients to trade on Bursa Malaysia Derivatives, thus, paving the way for greater retail participation in the derivatives market.

Mr Chong Kim Seng, Chief Executive Officer of Bursa Malaysia Derivatives said, “I would like to commend Phillip Futures on their efficient move in establishing their first futures-only branch office in Johor Bahru. I am confident that this branching concept will create higher presence visibility amongst our futures brokers to promote Malaysian derivatives”.

Mr Teyu Che Chern, Chief Executive Officer of Phillip Futures said, “This is the first milestone achieved under Phillip Futures’ branching strategy. We are looking at setting up more branch offices and trading kiosks throughout Malaysia and this will certainly expand our clients’ outreach especially amongst retail clients.”

The branching initiative is realised pursuant to its implementation by Bursa Malaysia Derivatives on 3 December 2012 which allows futures brokers to establish branch offices and trading kiosks anywhere in Malaysia.


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ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 

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