Interactive Brokers Now Offers Access to Bursa Malaysia, Streamlines FX Process
Interactive Brokers has expanded its global trading
platform by adding access to Bursa Malaysia, one of Southeast Asia’s largest
stock exchanges. This move aims to offer investors the ability to trade
Malaysian Ringgit-denominated equities and ETFs but also simplifies the process
with automatic currency conversion.
Expanding Global Market Access
Interactive Brokers, known for providing a wide range
of global investment options, has introduced trading access to Bursa Malaysia.
The exchange, with a market capitalization of approximately USD 380 billion, is
home to 970 companies across diverse industries such as financial services,
manufacturing, and oil and gas.
Commenting about the new offering, David Friedland,
the Head of APAC at Interactive Brokers, said: “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.”
One key feature of this new offering is the
automatic foreign exchange conversion between a client’s base currency and
the Malaysian Ringgit. This process uses real-time market rates to
facilitate trades, eliminating the need for pre-trade currency conversions.
Simplifying the Trading Process
Interactive Brokers’ clients can now add
Malaysian equities to their portfolios without the complexity of manual
currency conversions. In addition to Malaysian equities, Interactive Brokers
offers clients the ability to trade a broad array of financial instruments,
including Crude Palm Oil Futures and FTSE Bursa Malaysia KLCI Futures.
Interactive Brokers’ platform now supports trading on
150 markets, with account funding and trading available in up to 27 currencies,
including the Malaysian Ringgit. This latest addition reinforces Interactive Brokers’ position as a leading global broker, offering
unparalleled access to diverse markets and investment opportunities.
Last week, Interactive Brokers boosted its global bond offering through the IBKR Bond Marketplace. According to the company, the new features aim to facilitate client access to liquidity for global corporate bonds, European Government Bonds, and UK Gilts. Clients can now trade these bonds for up to 22 hours a day.
This article was written by Jared Kirui at www.financemagnates.com.
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