Article in Business Times: "Transparency will benefit all market players" by Francis Fernandez.
"Do we have market makers here in Malaysia? The answer to that officially is a resounding "NO", but the market makers, nevertheless, exist unofficially at least.
Hence recent reports that Bursa Malaysia gave verbal instructions to brokerages to stop their proprietary day traders (PDTs) from trading in Metronic Global Bhd and Ariantec Global Bhd are disturbing.
What Bursa Malaysia did is good, but why the reports on the market regulator engaging with the brokers are disturbing is because, when Bursa Malaysia gives out instructions on some particular securities, it must provide the information to all investors at the same time.
I do believe that is why it has a website. If all investors have the same information, then they will be able to make an informed decision based on facts, and not on reports that can later be denied or confirmed.
Most investors do not read the same newspapers, hence some will gain from those reports, while other will lose out".
But according to its most recent statement, nothing has changed:
Volume is very high, reaching 845 million on March 21, 2012. Remarkable, since the total number of shares is only 635 million.