Event on Wed­nes­day to ac­knowl­edge con­tri­bu­tion of bro­kers and other mar­ket intermediaries

New Straits Times - - Business -


BURSA Malaysia Bhd will be or­gan­is­ing the “Bursa Malaysia Ex­cel­lence Awards 2016 Gala Nite” to recog­nise the out­stand­ing per­for­mance of bro­kers and mar­ket intermediaries for last year.

Chief ex­ec­u­tive officer Datuk Seri Ta­jud­din Atan said the awards cer­e­mony, which would be held on Wed­nes­day, was to recog­nise bro­kers and mar­ket intermediaries who were top achiev­ers in their re­spec­tive cat­e­gories.

“This year, we have in­cluded new cat­e­gories to also ac­knowl­edge the con­tri­bu­tion of in­di­vid­u­als within the broking com­mu­nity. Al­to­gether, there will be 18,” he said.

The theme for this year’s event is “Recog­nis­ing Malaysia’s Best”.

Ta­jud­din said the awards se­lec­tion cri­te­ria had been fur­ther strength­ened to bet­ter re­flect the in­dus­try to­day, and eval­u­a­tion was based on trad­ing value and com­pli­ance rat­ings.

“For eq­ui­ties bro­kers, the num­ber of new cer­tifi­cates of de­posit ac­counts opened would also be as­sessed.”

Bursa Malaysia first or­gan­ised the awards in 2014 to ap­pre­ci­ate mar­ket par­tic­i­pants’ ef­forts in de­vel­op­ing the Malaysian cap­i­tal mar­ket do­mes­ti­cally and glob­ally.

The event ac­knowl­edged bro­kers and mar­ket intermediaries’ contributions in cre­at­ing in­vest­ment op­por­tu­ni­ties for in­vestors and in­creas­ing the depth and breadth of the cap­i­tal mar­ket, in­clud­ing mar­ket liq­uid­ity.

Bursa Malaysia said bro­kers and other mar­ket intermediaries had continued to play an im­por­tant role in pro­mot­ing the value propo­si­tion of the lo­cal cap­i­tal mar­ket in the first quar­ter, thus lead­ing to a healthy for­eign cap­i­tal in­flow.

“In the first quar­ter, the cu­mu­la­tive net for­eign in­flows into Malaysian eq­ui­ties stood at RM5.71 bil­lion, the high­est within the emerg­ing mar­kets in Asean,” he added.

Chief ex­ec­u­tive officer Datuk Seri Ta­jud­din Atan says the theme for the awards cer­e­mony is ‘Recog­nis­ing Malaysia’s Best’.

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