In an effort to further expand and enhance the efficiency of Central Depository System (CDS) account management processes, Bursa Malaysia has released an API gateway for the people who like to delve more into the digitalization of the investment market.
Offered to Participating Organizations (PO) and brokers, the API gateway hosts ready-to-call elements so that investor’s digital journey in building their wealth will be quicker and more efficient as the introduction of the API aims to cut down on turnaround times in account opening/updating/reactivating as well faster trade updates.
Digitalization of the investment journey can also contribute to reduced carbon footprint and further widespread of the practice. As for availability, Bursa Malaysia is already operating the API gateway live with 5 POs already signed up for the service – AmInvestment Bank Berhad, FSMOne – Online Retail Division of iFAST Capital Sdn Bhd, Hong Leong Investment Bank, Malacca Securities, and Moomoo Securities Malaysia.
The CEO of Bursa Malaysia, Datuk Muhamad Umar Swift, has remarked about the launch:
“The Exchange actively listens to the evolving needs of our customers. This initiative is key in delivering on our commitment towards greater customer-centricity. We will continue to work closely with our POs and introduce service innovations to attract more investors,bolstering the competitiveness of our market.”
POs interested in accessing the API gateway service may visit the website or send an email to [email protected]
