KUALA LUMPUR (July 18): Bursa Malaysia Bhd is soliciting bids from service providers to help the bourse operator and regulator establish a new Bursa Trade Derivatives trading system which will facilitate equity, financial and commodity derivative trades under a single platform.
In a tender notice on Bursa’s website, Bursa said it intends to invite qualified and experienced service providers to participate in the request for proposal for providing the new Bursa Trade Derivatives trading solution which must also have the ability to register off-exchange transactions such as over-the-counter besides negotiated or block trades within the same platform or a different platform.
“The service providers are required to meet the pre-qualification requirements (which include) the proposed solution has been implemented in an exchange of developed or developed emerging markets (based on latest MSCI market classification),” Bursa said.
Bursa said the closing date for the tender exercise is on July 26, 2021 at 5pm.
“Bursa Malaysia reserves the right to only consider quotation/proposal/documents that are fully completed and submitted on or before the date and time as specified above. Late responses will not be entertained.
“Bursa Malaysia is not bound to accept the lowest bid or any tender and reserves the right to reject all tenders,” Bursa said.
On Friday (July 16), Bursa’s share price closed up one sen or 0.13% at RM7.65 for a market value of about RM6.19 billion. Bursa has 808.5 billion issued shares.
In a statement on that day, Bursa said the group is scheduled to release its financial results for the second quarter ended June 30, 2021 (2QFY21) on July 28, 2021.
For 1QFY21, Bursa said net profit rose to RM121.39 million from RM64.73 million a year earlier while revenue was higher at RM232.28 million compared to RM150.75 million.