From left: TNG Digital CEO Alan Ni, Affin Hwang Investment Bank Bhd CEO Nurjesmi Mohd Nashir and Bursa Malaysia CEO Datuk Muhamad Umar Swift at the launch of the e-Trade at Menara AFFIN, TRX.
KUALA LUMPUR: Bursa Malaysia Bhd
, TNG Digital Sdn Bhd (TNG Digital), and Affin Hwang Investment Bank Bhd have launched e-Trade, the first equities market trading feature, within the TNG eWallet.
In a joint statement, they announced that as part of GOfinance, the investment hub within TNG eWallet, this feature is designed to make stock market investing more accessible and user-friendly for all eWallet users.
e-Trade, an investment feature within TNG eWallet, enables seamless stock market trading through an eWallet, and integrates educational resources from MyBURSA. This initiative empowers investors with both the tools and knowledge to trade with confidence.
TNG Digital’s e-Trade, powered by Affin Hwang, is the first-of-its-kind collaboration to revolutionise stock market participation by offering seamless convenience and accessibility to new investors through the platform.
Affin Hwang chief executive officer (CEO) Nurjesmi Mohd Nashir said the launch is well-timed, as retail investors are already playing a big role in the market.
“We believe this new feature will encourage even more people to invest, which will increase the vibrancy and liquidity of the capital market. By combining our expertise with TNG Digital’s reach and Bursa Malaysia’s product offerings, we are creating new opportunities for Malaysians to engage in equity investing and achieve their financial goals.”
Meanwhile, TNG Digital CEO Alan Ni said: “With e-Trade, an equities market trading feature by TNG Digital, we are making stock market participation easier and more inclusive, we are opening doors for a broader audience. This initiative aligns perfectly with Bursa Malaysia’s efforts to democratise equity investments and promote financial inclusion among Malaysians.”
Bursa Malaysia CEO Datuk Muhamad Umar Swift said the use of advanced technology not only broadens access to the capital market for all Malaysians, but also removes traditional barriers to investment.
“Our continuous effort as a multi-asset exchange is that every Malaysian has the opportunity to actively participate in, and benefit from the opportunities that the marketplace offers,” he added.
To incentivise user adoption, e-Trade is offering incentives such as a waived central depository system (CDS) account opening fee and a reduced brokerage fee of RM3 for equities market trading transactions.
Additionally, Affin Hwang will consolidate brokerage fee at the end of each trading day, benefitting investors who execute multiple trades on the same counters and on the same side within a single day, without imposing any platform fee.
These measures are intended to lower the entry barriers for new investors, thus, enhancing the affordability of entering the investment market.
