Professional Documents
Culture Documents
1. What are the various ways for a Malaysian broker to access the Exchange’s
Trading Engine?
There will be 3 ways (front end solutions) to access the trading engine:
(a) The Exchange hosted solution – where the server is installed at the
Exchange and brokers each ‘own’ a portion of the server/DMA Gateway.
(b) The broker can also opt to develop its own solution (in-house) or
(c) The broker may even opt to purchase a solution from an ISV, who must be
an “Approved Vendor”.
You may approach our brokers, i.e., Trading Participants and Participating
Organizations once you have been appointed as an “Approved Vendor”.
If you are connecting to the testing platform via MMTP – the platform is already
available.
Conversely, if you are connecting via FIX 4.4, the testing platform is expected
to be available from 1Q 2008 onwards.
Access to our testing platform (via MMTP) is absolutely free up to the end of
2007. However, you will have to incur costs in terms of obtaining a CAP, an
ISDN line and an ISDN router. Please note that from 1st January 2008 onwards,
you will have to pay to connect to the testing platform.
For those opting to connect via FIX 4.4, access to the testing platform will be
free until the end of 2008. From 1st January 2009 onwards, connection to the
testing platform will be chargeable.
9. What is MMTP?
The MMTP Open Interface Solution is the hardware and software protocol
between the Exchange's systems and external or independent software
applications (front end trading, order routing or data vendor systems
generally). The goal of the open interface is to provide approved participants
and Independent Software Vendors (ISV) a mechanism to easily build
customized requests and market data feed systems that interface with Bursa
Trade. Through a set of standardized API functions, technical staff have the
mechanism to build applications that submit requests to as well as receive
responses (e.g. order acknowledgement, trade notice) and market data
information.