Equities
Market Makers
What is a Market Maker?
A Market Maker is usually an institution who can facilitate a high volume of purchases and sales.
Why are Market Makers important?
Market Makers create liquidity in the market as they are always ready to buy and sell at a publicly-quoted price immediately. If Market Makers didn’t exist, each buyer would have to wait for a seller to match their orders.
List of Market Makers
- Affin Hwang Investment Bank Berhad
21st Floor Menara Boustead, 69 Jalan Raja Chulan, 50200 Kuala Lumpur
Tel: 03-2146 7731
Fax: 03-2143 1212 - AmBank (M) Berhad
22nd Floor Bangunan AmBank Berhad, 55 Jalan Raja Chulan, 50200 Kuala Lumpur
Tel: 03-2036 2633 / 03-2167 3000
Fax: 03-2031 6453 / 03-2166 5593 - CGS-CIMB Securities Sdn Bhd
Level 29, Menara Aras Raya No. 11, Jalan Raja Laut 50350 Kuala Lumpur Wilayah Persekutuan
Tel: +603 2635 8888
Fax: +603 2602 0119 - CIMB Bank Berhad
Principal Office, 17th Floor Menara CIMB Jalan Stesen Sentral 2 Kuala Lumpur Sentral 50470 Kuala Lumpur
Tel: +603 2084 9942
Fax: +603 2093 6098 - Kenanga Investment Bank Berhad
8th Floor, Kenanga International Jalan Sultan Ismail 50250 Kuala Lumpur
Tel: 03-2164 9080
Fax: 03-2161 4990 - RHB Investment Bank Berhad
Level 3A, Tower 1, RHB Centre, Jalan Tun Razak, 50400 Kuala Lumpur
Tel: 03–9200 2185
Fax: 03-9280 8967
ETF Market Maker Incentive
Minimum threshold: Monthly traded value in ETFs above RM5 million.
% Rebate: 100% payable on the whole value traded for transactions in ETF units and constituent securities (“CS”) listed on Bursa Malaysia, provided it is above the minimum threshold for the following fees:
- Clearing fee on:
- ETF units; and
- CS as a result of Creation & Redemption (“C&R”) or Permitted Short Selling (“PSS”) by a Market Maker
- Transfer fee for transfer of ETF units and CS as a result of C&R activities
- Securities Borrowing and Lending processing fee and borrowing fee on borrowing ETF units and CS for PSS.
Stamp Duty Exemption |
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Stamp duty of 0.1% for trading of ETFs is exempted until 31 December 2025. |
For more information about market making in ETFs, please contact [email protected]