Interactive Brokers expands trading capabilities to include Bursa Malaysia
Interactive Brokers, a leading global electronic brokerage firm, has announced the addition of Bursa Malaysia to its trading platform. This move allows clients to trade Malaysian Ringgit (MYR) denominated equities and exchange-traded funds (ETFs) alongside an extensive range of global financial instruments such as stocks, options, futures, currencies, bonds, and funds, all within a single, integrated platform.
Bursa Malaysia Securities Berhad, Malaysia's only stock exchange, boasts a market capitalization of USD 380 billion and features 970 listed companies across various industries, including financial services, manufacturing, and oil and gas. The inclusion of Malaysian-denominated equities on the Interactive Brokers platform significantly broadens the global investment opportunities available to its clients, offering them new avenues to participate in Malaysia’s dynamic economy.
To simplify the trading process, Interactive Brokers has implemented an automatic foreign exchange (FX) conversion system. This system facilitates seamless conversion of a client’s base currency into Malaysian Ringgit at competitive market rates, effectively eliminating the need for manual pre-trade currency conversions. This enhancement is designed to make trading on Bursa Malaysia more accessible and user-friendly for international investors.
David Friedland, Head of APAC at Interactive Brokers, emphasized the importance of this expansion, stating, "Interactive Brokers is committed to offering our clients unparalleled access to global markets and products, enabling them to build diversified portfolios across different regions and asset classes. By introducing Malaysian equities, we provide our clients with an opportunity to gain exposure to one of Southeast Asia's key markets, while also managing currency conversion costs efficiently."
Interactive Brokers is known for its global market access, advanced technology, and competitive pricing, which empower both individual and institutional investors. The firm currently offers trading on 150 markets and supports accounts in up to 27 different currencies, including the Malaysian Ringgit.
In addition to equities on Bursa Malaysia, Interactive Brokers clients can also trade Crude Palm Oil Futures (FCPO) and FTSE Bursa Malaysia KLCI Futures (FKLI), further expanding their investment options in the Malaysian market. This development underscores Interactive Brokers' commitment to providing a comprehensive and accessible trading experience, catering to the diverse needs of its global client base.
By incorporating Bursa Malaysia into its platform, Interactive Brokers continues to enhance its offerings, providing clients with more tools and opportunities to diversify their portfolios and capitalize on global market trends.