We constantly work on improving our technological infrastructure. On the surveillance front, we upgraded to Equities Surveillance System or ARAMIS in December 2008 which has stronger analytical capability, sophisticated alerts and can be exported into office applications. It also facilitates a single platform for both equities and derivatives surveillance and therefore inter-market surveillance.
We have an automated minimum financial requirements reporting mechanism, better known as ARMADA system which is highly sensitive in capturing risk arising from volatile price changes. These features are able to assist us in conducting timely and effective supervision of brokers.
We also have in place Bursa LINK which is the platform for listed issuers to make announcements and facilitate timely submission of information for dissemination to the market place. eRAPID, which is a web-based solution, facilitates electronic transmission of Record of Depositors and Central Depository System circulars.
eRAPID is a web-based solution that facilitates electronic transmission of Record of Depositors and Central Depository System circulars. Bursa Malaysia Securities Berhad, Bursa Malaysia Derivatives Berhad, Bursa Malaysia Depository Sdn Bhd, Bursa Malaysia Securities Clearing Sdn Bhd and Bursa Malaysia Derivatives Clearing Berhad use eRAPID to disseminate circulars to brokers.
Participant Affairs Department of Participants Supervision is responsible to disseminate all circulars via eRAPID. Circulars are converted into pdf format before being uploaded into eRAPID. Adequate control procedures are in place to ensure that each circular is issued properly.