KUALA LUMPUR: Bursa Malaysia's two features -- pre-closing and trading-at-last -- will be removed from the morning session with effect from Oct 26.
The stock exchange operator said on Monday, Oct 5 the removal of the two features would result in additional 15 minutes of continuous trading. These changes will take effect on Oct 26.
It said this was part of the enhancements of its trading phases for the morning session, from 8:30am to 12:30pm.
However, Bursa Malaysia said the features will be retained for the afternoon trading session.
The pre-closing phase is intended to mitigate price manipulation and is especially suited for the end of a trading day.
The Trading-At-Last feature, which consists of the last 10 minutes of a trading day, will provide traders with the opportunity to trade at the closing price of a stock.
Bursa Malaysia chief executive officer, Datuk Yusli Mohamed Yusoff said: "This improvement is made in consultation with the market participants who echoed their support in making trading experience seamless and opportunities continuous for investors. Our priority is to facilitate a trading platform that gives accessibility in trading while maintaining price transparency and efficiency."
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