Interactive Brokers Adds Bursa Malaysia To Its Trading Platform
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Interactive Brokers has announced the expansion of its global trading platform by allowing access to the stock exchange platform, Bursa Malaysia. The platform is one of the largest stock exchanges in Southeast Asia.
The latest move will simplify the trading process and give investors the chance to trade Malaysian Ringgit-denominated equities. Additionally, the access will give investors and traders the ability to automatically convert currencies for trading or withdrawal.
The Platform Offers Automatic Currency Conversion
Interactive Brokers provides a wide range of trading options for investors and traders. The exchange operates with a market capitalization of $300 billion. It offers support to over 900 companies across different industries, including oil and gas, manufacturing, and financial services.
The Head of APAC at Interactive Brokers, David Friedland, commented on the development. He stated that Interactive Brokers provides global clients with easy product access and a superior market. It allows them to develop diversified portfolios across asset classes and geographies.
The introduction of stocks on the Bursa Malaysia enables clients and customers to include exposure to Malaysian equities. It also has the advantage of ensuring that IBRK manages the cost linked to currency conversation.
David stated that the new offering has several features, including automatic foreign exchange conversion from Malaysian Ringgit to the client’s base currency and vice versa. The process is based on real-time market rates, which eliminates the hassles in the conversion of currencies pre-trade.
Clients of IBKR will easily add Malaysian equities to their portfolios without the hassles of currency conversion manually.
Apart from the addition of Malaysian equities, the firm will be helping the clients trade a wide range of financial instruments such as FTSE Malaysia KLCI Futures and Crude Palm Oil Futures.
Interactive Brokers Launches IBKR Bond Marketplace
IBRK has been expanding its platform and adding more products to meet the increasing needs of clients. The platform now offers support to more than 150 markets, with trading and account funding available in about 27 currencies.
The Malaysian Ringgit is the latest addition to the market following several requests by clients in the region. IBRK offers unmatched access to investment opportunities and diverse markets.
Last week, the company launched the IBKR Bond Marketplace to expand its global bond offering. The firm stated that the additional features will facilitate client access to liquidity to UK Gilts, European Government Bonds, and global corporate bonds. The bonds are now available to clients to trade for up to 22 hours daily.
