klse 1 industry stock exchange founded 1964 headquarters 15th floor exchange square bukit kewangan 50200 kuala lumpur malaysia . key people tan sri amirsham a aziz chairman 2 datuk seri tajuddin atan ceo 3 website www.bursamalaysia.com bursa malaysia myx 1818 is an exchange holding company approved under section 15 of the capital markets and services act 2007 . it operates a fully integrated exchange offering the complete range of exchange related services including trading clearing settlement and depository services . on 18 may 2015 the myx joined the united nations sustainable stock exchanges initiative sse as part the sse s regional dialogue in bangkok hosted by the stock exchange of thailand . 4 contents 1 history 2 structure 3 trading hours 4 offerings and products 5 events 6 bursa malaysia s 2009 initiatives and events 7 palm oil futures 8 see also 9 references 10 external links history edit exchange square the headquarters of bursa malaysia bursa malaysia myx 1818 was known as kuala lumpur stock exchange klse bursa saham kuala lumpur in malay from its founding in 1930 5 when the singapore stockbrokers association was set up as a formal organisation dealing in securities in malaya . the first formal securities business organisation in malaysia was the singapore stockbrokers association established in 1930 . it was re registered as the malayan stockbrokers association in 1937 . the malayan stock exchange was established in 1960 and the public trading of shares commenced . the board system had trading rooms in singapore and kuala lumpur linked by direct telephone lines . in 1964 the stock exchange of malaysia was established . with the secession of singapore from malaysia in 1965 the stock exchange of malaysia became known as the stock exchange of malaysia and singapore . in 1973 currency interchangeability between malaysia and singapore ceased and the stock exchange of malaysia and singapore was divided into the kuala lumpur stock exchange berhad and the stock exchange of singapore . the kuala lumpur stock exchange which was incorporated on 14 december 1976 as a company limited by guarantee took over the operations of the kuala lumpur stock exchange berhad in the same year . in 1998 as one of the attempts to weather the 1997 asian financial crisis it fully suspended the trading of clob central limit order book counters indefinitely freezing approximately us 4.47 billion worth of shares and affecting 172 000 investors most of them singaporeans . 6 7 8 on 14 april 2004 kuala lumpur stock exchange was renamed bursa malaysia berhad following the demutualisation exercise the purpose of which was to enhance competitive position and to respond to global trends in the exchange sector by making themselves more customer driven and market oriented . it consisted of a main board a second board and mesdaq with total market capitalisation of myr700 billion us 189 billion . bursa malaysia has since then focused on various initiatives aimed at improving its product and service offerings increasing the liquidity and velocity of its markets improving the efficiency of its businesses and achieving economies of scale in its operations . on 18 march 2005 bursa malaysia was listed on the main board of bursa malaysia securities berhad with a 17 % or rm0 .50 premium over its retail price of rm3 .00 . source bursa malaysia s about us page data updated as at 3 february 2016 bursa malaysia s about us structure edit the wholly owned subsidiaries of bursa malaysia own and operate the various businesses as set out below bursa malaysia securities bhd provide operate and maintain securities exchange bursa malaysia derivatives bhd provide operate and maintain a futures and options exchange labuan international financial exchange inc. provide operate and maintain offshore financial exchange bursa malaysia bonds sdn bhd provide operate and maintain registered electronic facility for secondary bond market bursa malaysia securities clearing sdn bhd provide operate and maintain a clearing house for the securities exchange bursa malaysia derivatives clearing bhd provide operate and maintain a clearing house for the futures and options exchange bursa malaysia depository sdn bhd provide operate and maintain a central depository bursa malaysia depository nominees sdn bhd act as a nominee for the central depository and receive securities on deposit for safe custody or management bursa malaysia information sdn bhd provide and disseminate prices and other information relating to securities quoted on exchanges within the group bursa malaysia islamic services sdn bhd operate all islamic markets businesses and activities initiated under bursa malaysia trading hours edit monday friday except public holidays pre open 8.30 am 9.00 am continuous trading 9.00 am 12.30 pm pre open 2.00 pm 2.30 pm continuous trading 2.30 pm 4.45 pm pre close 4.45 pm 4.50 pm trading at last 4.50 pm 5.00 pm close 5.00 pm 9 offerings and products edit bursa malaysia has a range of progressive products and services which covers equities derivatives offshore listings and services bonds and islamic offerings securities market derivatives market islamic offerings others two markets main market 823 companies ace market 117 companies market capitalisation as at 31 march 2011 myr1 .287 trillion usd429 billion products shares real estate investment trusts reits etfs tsr warrants loans bonds ten derivatives products commodity futures equity futures equity options financial futures sukuk shari ah compliant equities i reits i etfs bursa suq al sila bond market electronic trading platform for government bonds corporate bonds offshore market non ringgit securities sukuk listing closed end funds icapital.biz berhad source bursa malaysia annual report 2009 data updated as at 31 december 2009 bursa malaysia s annual report 2009 events edit on 18 april 2005 bursa malaysia introduced cbrs a scheme which allows all investors to access research reports of bursa listed companies free of charge . in june 2006 bursa malaysia and ftse group jointly introduced ftse bursa malaysia index . on 7 november 2006 the index passed the 1 000 mark hurdle and closed at 1 003.28 . it was partly boosted by the strong overnight close in the wall street . on 10 march 2008 trading on the exchange was suspended for one hour due to composite index fall by more than 10 percent or 130 points to 1166.32 points . this was largely by combination of factors such as the united states subprime mortgage crisis and the political uncertainty caused by the 12th general election . dealers expected the move was an over reaction to the election results and the market will correct itself . 10 the index gained 2.1 % the next day on the morning session as investor reinvest in plantation stocks and blue chips . 11 on 3 july 2008 trading on the exchange was suspended for the day when it suffered multiple hardware glitches . the glitches only affected the equities market not the bonds and commodity market . 12 trading resumed the next day . bursa malaysia s 2009 initiatives and events edit improved accessibility launch of dma for the securities market introduction of sbl negotiated trades introduction of market making for structured warrants and exchange traded funds enhanced efficiency new fund raising framework and board structure restructuring of minimum tick size shortening of trading halt new products and services launch of ftse bursa malaysia palm oil plantation index series listing of foreign ipos listing of sukuk and bonds internationalised markets klci enhancement to fbm klci strategic partnership with cme launch of bursa su al sila source bursa malaysia annual report 2009 data updated as at 31 december 2009 bursa malaysia s annual report 2009 palm oil futures edit bursa malaysia is the world s biggest palm oil futures trading hub since 1980 . the fcpo the global price benchmark for the crude palm oil market is a deliverable contract which is traded electronically on bursa malaysia s trading platform . 13 crude palm kernel futures and crude palm oil futures are primarily traded on bursa malaysia in malaysian ringgit myr and us dollar denominated contracts . their codenames are fpko fcpo and fupo respectively . below is a non exhaustive list of commodities exchanges around the world where palm oil futures is traded with different contract specifications mdex bursa malaysia derivatives exchange dc dalian commodity exchange ncdex india s national commodity and derivatives exchange in august 2009 bursa malaysia launched bursa suq al sila the world s first internet commodities trading platform with crude palm oil cpo as its underlying asset that is syariah compliant . 14 bursa suq al sila formerly known as commodity murabaha house facilitates commodity based islamic financing and investment transactions under the syariah principles of murabahah tawarruq and musaw wamah . under the bursa suq al sila concept the bank buys a commodity from a supplier such as a cpo producer at a principal amount and sells it to a customer at a profit . the customer then sells back the commodity to the spot market for cash . this initiative is spearheaded by the malaysia international islamic finance centre . among the plantation signatories are boustead estate agency bhd genting plantations bhd ioi corp bhd and sime darby bhd. the financial institutions include gulf cooperation council gcc banks al rajhi banking & investment corp m bhd asian finance bank bhd kuwait finance house m bhd and unicorn international islamic bank malaysia bhd. bursa malaysia chief executive officer datuk yusli mohamed yusoff said this venture brings two of the nation s main global players ; namely the islamic banks and palm oil producers together to further enhance malaysia s palm oil futures visibility on the world stage . bursa malaysia and cme group in 2009 announced plans for crude palm oil futures to be electronically traded on the cme globex . 15 cme group will develop a us dollar denominated cash settled contract using bursa malaysia settlements as its reference at its globex electronic platform in chicago . 16 17 18 cme group will buy a 25 % stake in bursa malaysia derivatives for rm55 .6 million to be satisfied in rm1 .9 million cash and 76 427 shares of cme group . to facilitate the proposed equity participation bursa will consolidate all its derivatives businesses into bursa malaysia derivatives and its subsidiaries . under the corporate exercise bursa malaysia derivatives will acquire the entire issued and paid up share capital of bursa malaysia derivatives clearing bhd from bursa for a cash consideration of rm37 .1 million . 19 operating round the clock the cme globex trading system is at the heart of cme . proposed in 1987 it was introduced in 1992 as the first global electronic trading platform for futures contracts . this fully electronic trading system allows market participants to trade from booths at the exchange or while sitting in a home or office thousands of miles away . when globex was first launched it used reuters technology and network . september 1998 saw the launch of the second generation of globex using a modified version of the nsc trading system developed by paris bourse for the matif now euronext . to connect to cme globex traders connect via market data protocol mdp and ilink 2.0 for order routing . jakarta futures exchange launched trading of physical crude palm oil cpo contracts in june 2009 . indonesia s deputy minister of agriculture and fisheries at the coordinating ministry for the economy bayu krisnamurthi had emphasised that a physical market must be established before futures trading can begin . 20 in october 2009 indonesia plans to facilitate trading of crude palm oil and other raw materials on the indonesia commodity & derivatives exchange icdx . 21 in spite of being the world s largest producer indonesia has been unable to set a palm oil benchmark price with trading centred in neighbouring bursa malaysia in kuala lumpur . the jakarta futures exchange which was launched in 2000 started by offering crude palm oil and coffee futures but trading was dormant as operators have preferred to trade the palm oil contracts in malaysia and