Interactive Brokers Introduces Access to Stocks on Bursa Malaysia
August 27 2024 - 9:00AM
Business Wire
Automatic FX Conversion Available Between
Account Base Currency and Malaysian Ringgit
Interactive Brokers (Nasdaq: IBKR), an automated global
electronic broker, today announced that its clients can trade
stocks on Bursa Malaysia, one of the largest stock exchanges in
Southeast Asia. With this launch, IBKR clients can trade Malaysian
Ringgit (MYR) denominated equities and ETFs alongside global
stocks, options, futures, currencies, bonds, funds, and more from a
single unified platform. To streamline trading, Interactive Brokers
will also coordinate the necessary forex trade using an automatic
FX conversion between the base currency selected in a client’s
account and the Malaysian Ringgit.
Bursa Malaysia Securities Berhad is Malaysia's sole stock
exchange. With a market cap of USD 380 billion, it is comprised of
970 listed companies across industries, including financial
services, manufacturing and oil and gas. Introducing
Malaysian-denominated equities products expands the breadth of
global investment products available on the Interactive Brokers
platform and offers IBKR clients new investment opportunities
across Malaysia’s economy.
To create a straightforward trading process, Interactive Brokers
will facilitate trades with an automatic FX conversion between a
client’s base currency and the Malaysian Ringgit using a conversion
rate determined based on the prevailing foreign exchange market
rates. This eliminates the need for pre-trade currency conversions
and simplifies the trading experience for clients.
David Friedland, Head of APAC at Interactive Brokers, commented,
“Interactive Brokers offers clients worldwide superior market and
product access, allowing them to create diversified portfolios
across geographies and asset classes. Introducing stocks on the
Bursa Malaysia allows our clients to add exposure to Malaysian
equities with the benefit of having Interactive Brokers manage the
cost associated with currency conversion.”
Interactive Brokers offers unparalleled global market access,
advanced technology, and competitive pricing, empowering
self-directed individual and institutional investors. Clients of
Interactive Brokers can trade on 150 markets and fund and trade
accounts in up to 27 currencies, including the Malaysian Ringgit.
In addition to stocks on the Bursa Malaysia, clients can trade
Crude Palm Oil Futures (FCPO) and FTSE Bursa Malaysia KLCI Futures
(FKLI), giving them a wide range of investment opportunities.
For more information on trading stocks on the Bursa Malaysia,
please visit:
US - Bursa Malaysia (and countries served by IB LLC) Canada -
Bursa Malaysia United Kingdom - Bursa Malaysia Europe - Bursa
Malaysia Hong Kong - Bursa Malaysia Singapore - Bursa Malaysia
Australia - Bursa Malaysia
The Best Informed Investors Choose Interactive Brokers
About Interactive Brokers Group, Inc.:
Interactive Brokers Group affiliates provide automated trade
execution and custody of securities, commodities, and foreign
exchange around the clock on over 150 markets in numerous countries
and currencies, from a single unified platform to clients
worldwide. We serve individual investors, hedge funds, proprietary
trading groups, financial advisors and introducing brokers. Our
four decades of focus on technology and automation has enabled us
to equip our clients with a uniquely sophisticated platform to
manage their investment portfolios. We strive to provide our
clients with advantageous execution prices and trading, risk and
portfolio management tools, research facilities and investment
products, all at low or no cost, positioning them to achieve
superior returns on investments. Interactive Brokers has
consistently earned recognition as a top broker, garnering multiple
awards and accolades from respected industry sources such as
Barron’s, Investopedia, Stockbrokers.com, and many others.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240827374147/en/
Interactive Brokers Group, Inc. Media: Katherine Ewert,
media@ibkr.com
Interactive Brokers (NASDAQ:IBKR)
Historical Stock Chart
From Aug 2024 to Sep 2024
Interactive Brokers (NASDAQ:IBKR)
Historical Stock Chart
From Sep 2023 to Sep 2024