KUALA LUMPUR: Bursa Malaysia Bhd has introduced an Application Programming Interface (API) or API gateway to allow for quicker Central Depository System (CDS) account activation and real-time trading for retail investors.

In a statement today, it said the API gateway increases the efficiency of the CDS account management processes by brokers.

The initiative is part of its use of technology to enhance the experience for CDS account holders, towards growing investor participation in the equities market, the exchange said in a statement today.

It said the API Gateway streamlines the investor's onboarding journey, shortening turnaround time in account opening, or in updating and reactivation of accounts.

Bursa Malaysia said, this improvement allows the investors to trade quickly, as and when they see the opportunity.

It added that the gateway also enables brokers to further digitalise their processes as part of business process improvement for customer experience and sustainability practices to reduce carbon footprint.

"This initiative is key in delivering on the exchange's commitment towards greater customer-centricity. We will continue to work closely with our POs and introduce service innovations to attract more investors, bolstering the competitiveness of our market," said chief executive officer Datuk Muhamad Umar Swift said.

The API Gateway for CDS e-services is now operational.

To-date, five brokers have signed up for the service - namely AmInvestment Bank Bhd, FSMOne-Online Retail Division of iFAST Capital Sdn Bhd, Hong Leong Investment Bank, Malacca Securities, and Moomoo Securities Malaysia.

Bursa Malaysia said the introduction of the API Gateway complements the recent unveiling of the BURSA Remisier Acquisition Hub (Bursa Reach), which facilitates connections between investors and dealer's representatives.

"Together, these initiatives demonstrate the exchange's use of technology to provide easy access to investment opportunities in the marketplace, and to foster a vibrant capital market," it added.

https://www.nst.com.my/business/corporate/2024/05/1054761/bursa-malaysia-introduces-new-system-allow-faster-cds-account