ISV Registration Assistance with Bursa

ISV Registration Assistance with Bursa | Bestar

ISV Registration Assistance with Bursa Malaysia

Here's a breakdown of ISV registration assistance with Bursa Malaysia:

• Bursa Trade Securities 2 (BTS2) Onboarding:

  
  

  • Bursa Malaysia has a specific onboarding process for Independent Software Vendors (ISVs) related to their trading platform, BTS2.   

  • This process involves certification to ensure that ISV software complies with Bursa Malaysia's requirements.   

  • Key aspects include:

    • Filling out required forms (e.g., BTS2-A1).

    • Establishing connectivity to the certification environment.

    • Conducting certification testing.

    • Submitting test logs.

  • Information regarding the onboarding process, including relevant documents and guides, can be found on the Bursa Malaysia website.   

  • Here is a link to the document that explains the on boarding process.

    • https://www.bursamalaysia.com/sites/5bb54be15f36ca0af339077a/assets/5d91b6c35b711a72d553303f/Onboarding_to_Certification_Environment_Guidelines_26092019.pdf

      
      

• List of Approved ISVs:

  
  

  • Bursa Malaysia maintains a list of approved ISVs, indicating the modules that each vendor is certified for.   

  • This list provides transparency and helps market participants identify compliant software solutions.

  • Here is a link to the list of approved ISV's.

    • https://www.bursamalaysia.com/trade/our_products_services/bts2_on_boarding/list_of_approved_independent_software_vendors_isvs

      
      

• Key Considerations:

  
  

  • The certification process aims to ensure the stability and reliability of trading systems connected to Bursa Malaysia.

  • ISVs must adhere to Bursa Malaysia's technical specifications and regulatory requirements.

In essence, ISV registration with Bursa Malaysia involves a structured certification process to guarantee that software vendors meet the exchange's standards.

It's important to understand that ISV registration with Bursa Malaysia is centered on ensuring the integrity and stability of the trading ecosystem. Here's a more detailed look:

Key Aspects of ISV Registration:

• BTS2 Certification:

  • The core of ISV registration revolves around the Bursa Trade Securities 2 (BTS2) platform. ISVs must undergo a rigorous certification process to demonstrate their software's compatibility and reliability.

  • This certification involves:

    • Compliance Testing: ISV software is tested against Bursa Malaysia's technical specifications.

    • Connectivity Verification: Ensuring seamless and stable connectivity to the BTS2 trading environment.

    • Functional Testing: Validating that the software performs trading functions accurately.

      
      

• Purpose of Certification:

  
  

  • Bursa Malaysia's certification process aims to:

    • Minimize disruptions to trading activities.

    • Maintain market integrity.

    • Protect investors.

    • Standardize trading software.

      
      

• Resources and Documentation:

  
  

  • Bursa Malaysia provides comprehensive documentation and guidelines to assist ISVs through the registration process. This includes:

    • Onboarding guides.

    • Technical specifications.

    • Certification requirements.

    • Forms that need to be filled out.

  • These documents are very important for any ISV that wishes to become certified.

    
    

• Importance of Approved ISV List:

  
  

  • The list of approved ISVs published by Bursa Malaysia serves as a valuable resource for market participants.

  • It provides assurance that listed software vendors have met the exchange's stringent requirements.

Where to find more information:

• The Bursa Malaysia website is the primary source for official information. Pay close attention to the sections related to "Trade" and "Trading Technology Marketplace."

How Bestar can Help

Navigating the ISV registration process with Bursa Malaysia can be complex, and that's where professional assistance can be invaluable. Here's how Bestar can help:

Key Areas Where Bestar Provides Assistance:

• Expert Guidance on Requirements:

  • Bestar can provide clarity on the specific requirements for ISV certification.

  • We can help ISVs understand the technical specifications, compliance standards, and documentation needed.

• Streamlining the Onboarding Process:

  • The onboarding process for BTS2 can be intricate. Bestar can guide ISVs through each step, ensuring that all forms are completed accurately and submitted on time.

  • This helps to minimize delays and potential errors.

• Certification Preparation:

  • Bestar can help ISVs prepare for the certification process, ensuring that their software is thoroughly tested and ready for evaluation.

  • We can also assist with the preparation of test logs and other required documentation.

• Liaison with Bursa Malaysia:

  • Bestar can act as a liaison between ISVs and Bursa Malaysia, facilitating communication and addressing any questions or concerns that may arise.

  • This can be very helpful when dealing with the Bursa Malaysia customer service.

• Compliance and Regulatory Adherence:

  • Ensuring that the ISV's software and their business practices, are in compliance with all of the Bursa Malaysia regulations.

Bestar Can Help:

• Bestar can provide comprehensive support throughout the ISV registration process.

• Bestar can ensure that ISVs meet all legal and compliance requirements.

By leveraging the expertise of Bestar, ISVs can significantly increase their chances of successful registration and ensure a smooth integration with Bursa Malaysia's trading platform.