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Bonds

Bonds are fixed income securities issued to lenders of long-term loans, with a maturity date. They provide returns in the form of fixed periodic payments.

Electronic Trading Platform

Trading

Electronic Trading Platform

ETP is the acronym for Electronic Trading Platform. The ETP is the centralised price and trade repository and dissemination for the primary and secondary bond market. It is an efficient and facilitative market control system for Bursa Malaysia to supervise the bond market.

ETP facilitates the trading and reporting of all secondary market activities.

The key business components that contribute to the business of ETP are the provisions of

  • central order book for matching, trade reporting and negotiation
  • comprehensive dissemination system for price/yield and trade information dissemination
  • data storage for market history data referential maintenance for exchange administrator
  • real time market surveillance system

The core ETP system interfaces with other systems such as the FAST (Fully Automated System for Issuing/Tendering) and Information Vendors.

The capital market is divided into the primary and secondary market. The capital market comprises the conventional market and Islamic market.

Primary market activities include the issuance of new debt securities to subscribers which is done on FAST, operated by the Central Bank ie Bank Negara Malaysia. Certain data is then transmitted to ETP and disseminated to all members. Secondary trading, on the other hand, is the trading activities by market players on stocks registered on ETP, either via ETP or Over The Counter (OTC) market. All these trades will be recorded in ETP.

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