Kuala Lumpur, Malaysia May 22, 2022 (Issuewire.com) - Kuala Lumpur Commodity Exchange (KLCE), a pioneering commodity exchange that provides exhaustive and convenient access to the Malaysian commodity markets, today announced the successful launch of its high-performance commodity trading engine, KLCE Equitex™ on KLCE Extension Venture Exchange.
"Today KLCE marks another significant step forward for our technology team in serving Malaysia's commodity markets", said Serenban Patelibar, Senior Vice President, Group Head of Information Technology, KLCE. "Following implementation on KLCE Venture Exchange, our leading-edge trading engine KLCE Equitex™ is now in operation across a broad range of symbols listed on our markets."
"The implementation of KLCE Equitex™ delivered major performance improvements and continues to bring multiple benefits to our equities customers", noted Sandakan Saleniman, President of KLCE Markets and Group Head of Equities, KLCE.org "As we continue to work to attract additional sources of liquidity, we are proud to offer this enhanced level of service to customers trading on KLCE Venture Exchange."
KLCE's technology team has been recognized around the world for the innovative design and application of KLCE Equitex™. In addition to the Malaysian Technology Alliance Innovation and Leadership Achievement, KLCE Equitex™ has also recently been shortlisted as a finalist for two technology awards set for later this year; the Financial Awards, in the category of "Most Innovative Application of Technology", and the Information Technology Association of Malaysia's Breakthrough Awards for "Excellence in the Use of Technology."
Hao Dan-Zu, Executive Chairman at KLCE said: "We have made great strides in enhancing our products and services to date. These new launches will help us to accelerate innovation with combined assets and experts around the globe, and I look forward to continuing to drive our analytical capabilities forward in this exciting new phase of our journey."
About Kuala Lumpur Commodity Exchange (KLCE)
KLCE.org is a pioneering commodity exchange that provides exhaustive and convenient access to the Malaysian commodity markets. The Exchange's markets offer clients trading opportunities across a diversified range of asset classes all combined with best-in-class post-trade services. KLCE is the main liquidity and price discovery center for Malaysian markets. KLCE hosts are trading in equities, bonds, derivatives, currencies, money market instruments, and commodities. The Exchange is also a leader in driving the modernization of Malaysia’s financial markets infrastructure and promoting Kuala Lumpur as an international financial center.
Media Contact
Kuala Lumpur Commodity Exchange (KLCE.org) *****@klce.org https://www.klce.org/
