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Corporate History

A brief historical background on the Exchange.

Corporate History
YEAR KEY CORPORATE MILESTONES
1930
  • First formal securities business organisation established in Malaysia - the Singapore Stockbrokers' Association
1937
  • Re-registered as the Malayan Stockbrokers' Association
1960
  • The Malayan Stock Exchange was established and the public trading of shares commenced. The board system had trading rooms in Singapore and Kuala Lumpur, linked by direct telephone lines.
1964
  • The Stock Exchange of Malaysia was established.
1965
  • The Stock Exchange of Malaysia became known as the Stock Exchange of Malaysia and Singapore, with the secession of Singapore from Malaysia in 1965.
1973
  • The Stock Exchange of Malaysia and Singapore was divided into the Kuala Lumpur Stock Exchange Berhad and the Stock Exchange of Singapore with the cessation of currency interchangeability between Malaysia and Singapore.
1976
  • The Kuala Lumpur Stock Exchange was incorporated on December 14, 1976 as a company limited by guarantee and took over the operations of the Kuala Lumpur Stock Exchange Berhad (KLSEB) in the same year.
1980
  • Launch of Crude Palm Oil Futures contract (FCPO) in October, providing market participants with what has become a global price benchmark for the Crude Palm Oil; for traders in the physical edible oil industries, biodiesel energy and commodity futures trading markets.
1994
  • The Kuala Lumpur Stock Exchange was renamed ‘Kuala Lumpur Stock Exchange’.
1997
  • The Shariah-compliant securities list is introduced in June by the Shariah Advisory Council (SAC) of the Securities Commission of Malaysia (SC). Shariah-compliant securities are securities which are screened against a clear set of guiding principles.
1999
  • Launch of Kuala Lumpur Shariah Index (KLSI) in April to meet the demands from investors seeking Shariah-compliant investments. It acts as a benchmark for tracking the performance of Shariah-compliant securities.
2004
  • On April 14, 2004, Kuala Lumpur Stock Exchange changed its name to Bursa Malaysia Berhad, following a demutualisation exercise, the purpose of which was to enhance competitive position and to respond to global trends in the exchange sector by making the Exchange more customer-driven and market-oriented.
2005
  • On 18 March 2005, Bursa Malaysia listed on the Main Board of Bursa Malaysia Securities Berhad.
2007
  • The exchange received certifications for conformance to the ISO 9001:2000 Quality Management System and ISO 14001:2004 Environmental Management System standards on 5 October 2007.
  • Launch of FTSE Bursa Malaysia Emas Shariah Index (FBM Emas Shariah) in January. FBM Emas Shariah became the benchmark index for Malaysian Shariah-compliant investments after KLSI was deactivated on November 2007.
  • FTSE Bursa Malaysia Hijrah Shariah Index (FBM Hijrah Shariah) was launched in May. FBM Hijrah Shariah is designed to be used as a basis of Shariah-compliant investment products that meet the screening requirements of international Islamic investors.
2009
  • A new board structure comprising the Main and ACE Markets was officially implemented in 3 August 2009. Essentially the Main and Second Boards were merged to form the Main Market, while the MESDAQ Market was revamped into an alternative market known as ACE Market (ACE stands for Access, Certainty and Efficiency).
  • Bursa Malaysia Berhad entering into a strategic partnership with Chicago Mercantile Exchange (CME) with the view to improve accessibility to its derivatives offerings globally. CME holds 25% of the equity stake in Bursa Malaysia Derivatives Berhad, while the remaining 75% interest is held by Bursa Malaysia Berhad.
  • Launch of Shari’ah-based electronic commodity trading platform, called Bursa Suq Al-Sila’, the world’s first end-to-end Shari’ah compliant commodity trading platform that is able to facilitate commodity-based Islamic financing and investment transactions under the Shari’ah principles of Murabahah, Tawarruq and Musawwamah.
  • Bursa’s benchmark index, the KLCI, was raised to a new level with the adoption of the FTSE international index methodology. The enhanced KLCI, now known as the FBM KLCI, is based on globally accepted standards of tradability and investability of the constituents, as well as transparency of the methodology.
2010
  • Bursa’s inaugural Business Sustainability Programme officiated, in line with Bursa Malaysia’s call to Malaysian listed companies to integrate sustainability elements into their business strategies. The Programme consists of a guide on sustainability for directors, a knowledge portal, a project matching facility and thought leadership sessions.
2011
  • Launch of ASEAN Exchanges, a collaboration among Bursa Malaysia, Hanoi Stock Exchange, Hochiminh Stock Exchange, Indonesia Stock Exchange, The Philippine Stock Exchange Inc, Singapore Exchange and The Stock Exchange of Thailand, with a mission to establish an interlinked ASEAN capital market via greater cross-border investments, mobilisation of intra-ASEAN funds and trading of equity markets. The alliance saw the launch of ASEAN Brand Identity, ASEAN Exchanges website and ASEAN Stars with the intent to promote the growth of the ASEAN capital market and spur higher liquidity in the region.
2012
  • Launch of ASEAN Trading Link on 18 September 2012 connecting Bursa Malaysia and Singapore Exchange and later on 15 Oct 2012, The Stock Exchange of Thailand connects to ASEAN Trading Link. This grouping brings together 2,250 listed companies with a market capitalisation of USD1.6 trillion, representing approximately 70% of the total market capitalisation of ASEAN. Will greatly increase capital flow and enhance liquidity as well as the vibrancy of the ASEAN marketplace to the benefit of investors in this region.
  • The FTSE Group and Bursa Malaysia launched the “FTSE Bursa Malaysia Small Cap Shariah Index” to serve as a benchmark for Shari’ah-compliant investments in small-cap companies on the Malaysian stock market. The new index forms part of the “FTSE Bursa Malaysia Emas Shariah” universe and will be calculated on an end-of-day basis.
2013
  • The launch of Exchange Traded Bond and Sukuk (ETBS) with the maiden issuance by DanaInfra Nasional Berhad on the Exchange marked a historic milestone for the Malaysian capital market, effectively creating a new asset class on the Exchange to cement Malaysia as the world’s leading sukuk marketplace.
2014
  • Launch of BURSAMKTPLC (spoken name: ‘Bursa Marketplace’), giving a comprehensive view with rich market information and insights of the Malaysian market - what every investor and trader needs in one place; a first-of-its-kind virtual marketplace that brings a unique user experience and engages the investors especially new investors, to access market knowledge, market insights and trading ideas as they chart their ‘Trip to Trade’ and at the same time grow their financial literacy.
  • Introduced ASEAN Post Trade Services to Participating Organisations (POs) for outbound (non-Bursa Malaysia Securities) trades executed on participating ASEAN stock exchanges that are currently on the ASEAN Trading Link.
  • Introduced Environmental, Social and Governance (ESG) Index – FTSE4GOOD Bursa Malaysia (F4GBM) which measures the performance of companies demonstrating strong ESG practices.
2015
  • Bursa Malaysia Berhad signed the Sustainable Stock Exchanges’ (“SSE”) voluntary commitment to promote sustainability performance and transparency in Capital Markets. The support for SSE’s sustainability initiative underscores the national Exchange’s commitment to remain one of the world’s most competitive markets by integrating global best practices in the local marketplace.
  • Introduced the new Sustainability Reporting Framework, comprising amendments to the listing requirements requiring our Listed Issuers to issue a Sustainability Statement in their annual report. To assist Listed Issuers with their Sustainability Statement, the Sustainability Reporting Guide and 6 Toolkits was introduced. We were the first ASEAN exchange to adopt this approach.
2016
  • FTSE Russell, the global index provider, announces the launch of FTSE4Good ASEAN 5 Index, an ESG index developed in collaboration with the Association of Southeast Asian Nations (ASEAN) Exchanges. The new benchmark consists of companies listed on the five ASEAN exchanges from Developed and Emerging markets: Singapore, Indonesia, Malaysia, Philippines and Thailand. The companies included in the index have been assessed to ensure they meet the standards required for FTSE4Good inclusion.
  • Bursa Malaysia joins 34 Exchanges worldwide to Ring the Bell for gender equality. These thirty‐four exchanges join the Sustainable Stock Exchanges (SSE) Initiative, UN Global Compact, IFC, UN Women, Women in ETFs and the World Federation of Stock Exchanges to “Ring the Bell for Gender Equality,” and highlight the business case for women’s economic empowerment, as well as opportunities for the private sector to advance gender equality and sustainable development.
  • Introduced Bursa Malaysia-i, the world’s first end-to-end Shariah investing platform to mainstream Shariah investing and provide a choice to faith-based investors.
  • Introduced the “Empowering Women Series” that focuses on programmes for women in senior management to further develop their leadership skills and to prepare them for board positions in the capital market. This programme is a follow-up from the earlier initiative, “Ring the Bell for Gender Equality” under the auspices of the Sustainable Stock Exchanges (SSE), to raise awareness on the empowerment of women for sustainable development.