Macquarie issues 1,000 structured warrants in Malaysia

KUALA LUMPUR: Global investment banking and diversified financial services group Macquarie Group Ltd has issued 1,000 structured warrants in Malaysia since its debut in October 2014, following the issuance of 12 new warrants.

Macquarie said in a statement that data from warrants website malaysiawarrants. com.my showed it was the leading warrant issuer in the country.

As at May 31, Bloomberg reported that it commanded the leading market share with 60.1% of the Malaysian warrant market turnover.

Asia head of equity derivatives products Barnaby Matthews said as investors became more knowledgeable in their investing, the market would continue to grow.

“As volatility in the market increases, Macquarie is expecting the shift to the index warrants to continue.

“This is particularly for investors looking to profit from any short-term falls in prices, as put warrants are one of the few ways that Malaysian investors can profit from falls in the stock market,” he said.

Bursa Malaysia Bhd chief executive officer Datuk Seri Tajuddin Atan said the Malaysian warrant market continued to show promising growth, with an increased investor appetite towards more sophisticated products.

“I am pleased to acknowledge Macquarie’s exemplary commitment towards investor education and efforts to further widen the product range available to investors.

“I hope this commendable approach will be mirrored by our broker partners in the future.

“We will continue with our efforts to enhance the eco-system to facilitate the issue of warrants, and intensify investor engagement to further grow market vibrancy,” he added. — Bernama