What Bursa Malaysia does

Bursa Malaysia Berhad operates Malaysia's sole licensed securities and derivatives exchange under Securities Commission Malaysia supervision, tracing its origins to 1976 and listing on its own market under ticker BURSA. The exchange runs a multi-tier Securities Market (Main, ACE, and LEAP Markets) serving 1,051 listed companies ranging from established corporations to SME adviser-driven listings, alongside a Derivatives Market (commodity, equity, and financial futures distributed globally via CME Globex since 2009), an Islamic Market anchored by the Bursa Suq Al-Sila' commodity platform, the world's first Shariah-compliant Bursa Carbon Exchange, and the Labuan International Financial Exchange (LFX). Core technology spans the BTS3 trading platform modernization programme, CDS book-entry settlement, BMSC and BMDC central counterparty clearing, co-location services, and the Centralised Sustainability Intelligence (CSI) platform embedding AI-driven ESG reporting tools.

The exchange generates revenue through multiple streams: securities trading transaction fees, initial and annual listing fees across three market tiers, per-contract derivatives fees, market data subscriptions, clearing and settlement fees, and carbon credit trading fees. Distribution combines 50+ Participating Organisation broker networks, CME Globex for global derivatives, Co-Location for high-frequency traders, Bursa Connectivity Services for international sites, and digital channels (Bursa Anywhere, Internet Trading). The FCPO Crude Palm Oil Futures contract is the world's most liquid palm oil benchmark, and the HKEX partnership (signed March 2026) extends reach into Hong Kong-listed blue chips via co-branded indices and dual listings. Strategic emphasis is on Capital Market Masterplan 2026-2030 alignment, MY Value Up corporate governance programme targeting the top 88 listed companies (80% of market cap), PKS@BURSA SME pipeline, and non-trading revenue diversification into data, carbon, and digital products.

Name

Bursa Malaysia

Legal name

Bursa Malaysia Berhad

Website

https://bursamalaysia.com

Company type

Public

Founded year

1976

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Bursa Malaysia Berhad operates Malaysia's sole licensed securities and derivatives exchange, running multi-tier Main, ACE, and LEAP equity markets, derivatives on CME Globex, the world's first Shariah-compliant carbon exchange, and Islamic markets serving 1,051 listed companies and domestic and international investors.

Ownership category

akta.pro rank

Product category

Securities and Derivatives Exchange Services

NAICS

Securities and Commodity Exchanges (523210), Securities and Commodity Contracts Intermediation and Brokerage (5231), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Commodity Contracts Intermediation (523160)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Multi-Asset Electronic Trading Platforms (FSAFANAH)

akta.pro secondary industry

Multi-Asset Trading Networks / Interdealer Broker Platforms (FSAFAEAJ)

Keywords

• Securities exchange services
• Derivatives market trading
• Listing and IPO services
• Market data services
• Clearing and settlement

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Securities Market Transaction Fees: Fees charged on securities trading transactions executed on the exchange, based on transaction value
2. Listing Fees: Initial listing fees and annual fees from companies listed on Main Market, ACE Market, and LEAP Market
3. Derivatives Market Revenue: Fees from futures and options trading including FCPO (Crude Palm Oil Futures) and equity derivatives
4. Market Data Services: Revenue from providing delayed and real-time market data to information services licensees and vendors
5. Islamic Market Revenue: Operating revenue from Islamic market segment including Shariah-compliant securities trading
6. Clearing and Settlement Services: Fees from clearing services through BMSC and BMDC central counterparties
7. Bursa Carbon Exchange: Trading revenue from carbon credits and renewable energy certificates

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels6 records

Core offering

Bursa Malaysia Berhad operates a fully integrated multi-asset exchange offering listing, trading, clearing, settlement, and market data services across equities, derivatives, Islamic finance, and voluntary carbon markets. The exchange operates three securities market tiers (Main, ACE, LEAP), a derivatives market with global reach via CME Globex, Shariah-compliant platforms including BSAS, and the world's first Shariah-compliant carbon exchange (BCX), supported by wholly-owned clearing, depository, and connectivity infrastructure subsidiaries.

Product overview

Bursa Malaysia operates as a comprehensive securities and derivatives exchange offering multiple interconnected market platforms. The core offering consists of the Securities Market (equities across Main, ACE, and LEAP tiers), Derivatives Market (commodity, equity, and financial futures via CME Globex), Islamic Market (Shariah-compliant trading including BSAS commodity platform), and Bursa Carbon Exchange (voluntary carbon and RECs). Supporting infrastructure includes Central Depository System (CDS) for settlement, Bursa Anywhere mobile app, Exchange Traded Bonds/Sukuk, BR Capital fixed income platform, and Bursa Gold Dinar digital gold. The Centralised Sustainability Intelligence (CSI) platform provides ESG reporting tools. Recent launches include Mini FKLI Futures (FKLM), HKEX Bursa Malaysia Large Cap Index, and BTS3 trading platform modernization. The exchange serves domestic and international investors through strategic partnerships including CME Globex for global derivatives access.

Differentiator

Problem solved

Functional benefit

Brands

• Bursa Anywhere: Mobile application for managing CDS accounts
• Bursa Carbon Exchange (BCX)
• Bursa Suq Al-Sila' (BSAS)
• Bursa Gold Dinar (BGD)
• Bursa Malaysia-i
• Bursa Malaysia Derivatives

Products and services

• Securities Market The primary equities trading platform of Bursa Malaysia, operating three market tiers: Main Market for established corporations, ACE Market for small and mid-sized companies serving as a stepping stone to Main Market, and LEAP Market for sophisticated investor-focused adviser-driven listings.
• Derivatives Market Commodity, equity, and financial derivatives trading platform operated by Bursa Malaysia Derivatives Berhad, offering products via CME Globex electronic trading platform for global accessibility. Includes Crude Palm Oil Futures (FCPO) as the world's most liquid palm oil futures contract.
• Islamic Market Fully integrated Islamic securities exchange platform featuring Shariah-compliant equities trading, Bursa Suq Al-Sila' (BSAS) commodity trading for Islamic liquidity management, and Islamic Securities Selling & Buying Negotiated Transaction (ISSBNT) model.
• Crude Palm Oil Futures (FCPO) The world's most liquid crude palm oil futures contract, serving as the global benchmark for palm oil price discovery and Malaysia's flagship derivatives product consolidating the country's position in the commodity markets.
• Bursa Carbon Exchange (BCX) The world's first Shariah-compliant multi-environmental product exchange operated by Bursa Malaysia Carbon Market Sdn Bhd, facilitating trading of voluntary carbon credits and renewable energy certificates (RECs) through auction, continuous trading, and off-market transactions.
• Bursa Gold Dinar (BGD) Digital gold investment platform operated by Bursa Malaysia Digital Sdn Bhd, offering buy, sell, save and invest capabilities in physical gold backed by gold bars and coins in secured vaults, with 7-day week trading and entry levels from RM10.
• Exchange Traded Bonds and Sukuk (ETBS) Fixed income securities (bonds and sukuk) listed and traded on the stock market, providing retail and institutional investors access to the bond/sukuk market via the same mechanisms as equity trading.
• Centralised Sustainability Intelligence (CSI) Solution ESG sustainability reporting and management platform for Public Listed Companies featuring IFRS S1 & S2 reporting tools, Scope 1-3 emissions calculators, supplier engagement solutions, and integrated AI services (Sustenyx ratings analyser, Carbon GPT reporting) to drive ESG excellence.
• Bursa Anywhere Mobile application for convenient management of Central Depository System (CDS) accounts, enabling investors to access and manage their securities holdings via smartphone.
• Central Depository System (CDS) System owned and operated by Bursa Malaysia Depository Sdn Bhd for electronic holding, transfer, and settlement of securities listed on Bursa Malaysia, eliminating physical share certificates through book-entry processing with T+2 delivery and settlement.
• Mini FTSE Bursa Malaysia KLCI Futures (FKLM) Smaller-sized equity futures contract valued at RM10 per index point (one-fifth of standard FKLI), designed to reduce capital requirements and broaden retail investor access to Malaysia's derivatives market.
• FTSE4Good Bursa Malaysia Index ESG-focused index tracking companies demonstrating strong environmental, social, and governance practices, used as underlying for the FTSE4Good Bursa Malaysia ETF.
• BR Capital Alternative avenue for fundraising and fixed income investment, providing new channels for corporate debt issuance and investor access to fixed income products.
• Bursa Suq Al-Sila' (BSAS) Commodity trading platform dedicated to facilitating Islamic liquidity management and financing by Islamic financial institutions, supporting multi-commodity and multi-currency trades globally.
• Labuan International Financial Exchange (LFX) International financial exchange based in Labuan Federal Territory, wholly-owned by Bursa Malaysia Berhad, offering listing of multi-currency financial instruments including conventional and Islamic products for Asia-Pacific companies.
• HKEX Bursa Malaysia Large Cap Index Co-branded benchmark index tracking 60 largest companies (30 from each market) with weightings of 60% Hong Kong-listed and 40% Malaysia-listed constituents. Initial initiative under HKEX-Bursa Malaysia cooperation agreement for cross-market investment opportunities.
• Securities Clearing and Settlement Services Central counterparty clearing and settlement services for securities transactions operated by Bursa Malaysia Securities Clearing Sdn Bhd (BMSC), reducing counterparty risk for market participants.

Quantifiable outcome

• 60 IPOs listed in 2025, highest in two decades
• +4 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability6 records

Feature5 records

Partnerships

Nine partnerships are on record, tiered flagship, pilot, core and supporting.

• Hong Kong Exchanges and Clearing (HKEX)flagshipStrategic or Co-development Partner · 27 March 2026Comprehensive cooperation agreement covering dual listings, joint index development, ETF access, Shariah-compliant securities, and carbon markets. Launched HKEX Bursa Malaysia Large Cap Index comprising 30 Malaysian and 30 Hong Kong blue-chip companies with 60%/40% weighting. Initial milestone under broader partnership to strengthen capital market connectivity between Malaysia and Hong Kong.
• CIMB Group HoldingspilotStrategic or Co-development Partner · 27 March 2026CIMB participating in FIKRALab pilot project under SC's Islamic Capital Market Innovation Lab to develop new Shariah-compliant financial instruments. Initiative aims to broaden investible universe for Shariah-compliant funds in ASEAN's Islamic banking sector, aligning with Capital Market Masterplan 2026-2030.
• TERAJU (Unit Peneraju Agenda Bumiputera)coreStrategic or Co-development Partner · 12 February 2026Memorandum of Collaboration to support Bumiputera companies in IPO readiness and listing participation. Bursa provides advisory support, networking with intermediaries, and capacity building; TERAJU identifies suitable companies and facilitates access to funding. Aligns with Pelan Transformasi Ekonomi Bumiputera (PuTERA35) targeting 30% Bumiputera equity ownership by 2035.
• CGS International Securities MalaysiasupportingChannel Partner/ Reseller/ Distributor · 12 January 2026Strategic market engagement to attract high-growth Chinese enterprises in new economy to list on Malaysian capital market, leveraging CGS MY's regional connectivity through China Galaxy Securities and China Investment Corporation.
• Malaysia Forest Fund (MFF)supportingStrategic or Co-development Partner · 21 October 2025Two-year collaboration to develop Malaysia's carbon market through exploring carbon crediting and trading infrastructure. Focus on supporting forest conservation and decarbonization initiatives in alignment with Malaysia's climate goals.
• CME GroupcoreTechnology or Integration · 1 January 2009Strategic partnership enabling global accessibility to Bursa Malaysia derivatives offerings via CME Globex electronic trading platform. Partnership supports growth of Malaysian derivatives market through worldwide distribution and market access.
• Securities Commission Malaysia (SC)coreOthersRegulatory oversight body for Bursa Malaysia operations. Collaborative initiatives include MY Value Up Programme, LEAP Market 2.0 reforms, and Capital Market Masterplan 2026-2030 development.
• Natural Resources and Environment Board (NREB) SarawaksupportingStrategic or Co-development PartnerTwo-year collaboration to explore development of Sarawak Carbon Registry, establishing carbon management framework aligned with Sarawak's Environment Ordinance 2023.
• DeHeng Law OfficessupportingImplementation/ SI/ Consulting PartnerCross-border legal expertise partner in initiative to attract Chinese enterprises for Malaysian listings, providing regulatory and legal guidance for listing processes.

Scale indicators15 records

Recent moves9 records

Expansion highlights7 records

Regional players

• Stock Exchange of Thailand (SET): SET is a regional multi-asset exchange operator in Thailand providing securities and derivatives trading with a similar market structure and regulatory oversight model to Bursa Malaysia.
• Philippine Stock Exchange (PSE): PSE operates the Philippine securities market with comparable listing tiers and equity trading franchise to Bursa Malaysia, serving a similar Southeast Asian emerging-market economy.
• Indonesia Stock Exchange (IDX): IDX operates Indonesia's primary securities exchange with multi-tier listing structure similar to Bursa's Main/ACE/LEAP market segmentation, serving a comparable emerging-ASEAN market.

Broad incumbents

• London Stock Exchange Group (LSEG): LSEG operates a diversified exchange, clearing, and data services franchise with FTSE index products, closely comparable to Bursa's securities, derivatives, and FTSE4Good index family.
• Japan Exchange Group (JPX): JPX operates Japan's integrated exchange with cash equities, derivatives, and clearing, comparable to Bursa Malaysia's multi-asset integrated exchange model in the broader Asian market.
• Intercontinental Exchange (ICE): ICE operates a global multi-asset exchange and clearing network spanning equities, commodities, and fixed income — comparable to Bursa Malaysia's integrated exchange, clearing, and depository services.
• Nasdaq Inc: Nasdaq operates a global exchange technology and trading franchise, providing market technology and listings services comparable to Bursa's BTS3 modernization programme and Main Market listing business.
• CME Group: CME Group is a derivatives-focused global incumbent exchange and Bursa's strategic partner via CME Globex. CME's broader commodity and financial derivatives franchise is directly comparable to Bursa's FCPO and equity derivatives business.

Direct peers

• Singapore Exchange (SGX): Singapore Exchange operates a multi-asset exchange in ASEAN covering securities, derivatives, and commodities, with a comparable statutory exchange operator model serving institutional and retail investors in the region.
• Hong Kong Exchanges and Clearing (HKEX): HKEX is both a strategic partner and the closest comparable multi-asset exchange in Asia, operating securities, derivatives, commodities, and clearing businesses — and the counterparty in Bursa's flagship cross-border cooperation agreement.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/BursaMalaysiaKL
• Facebookfacebook.com/bursamalaysia
• LinkedInlinkedin.com/company/40107
• Instagraminstagram.com/bursamalaysia

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bursa Malaysia