Fusionex International PLC Fusionex signs agreement with Bursa Malaysia
September 02 2016 - 2:00AM
RNS Non-Regulatory
TIDMFXI
Fusionex International PLC
02 September 2016
For immediate release 2 September 2016
Fusionex International PLC
("Fusionex" or "the Group")
Fusionex signs agreement with a Stock Exchange to provide an
Enterprise Data Analytics Solution
Fusionex, an award-winning international provider of software
specialising in Analytics, Big Data and the Internet of Things
("IoT"), is pleased to announce that it has signed an agreement
with Bursa Malaysia Berhad ("Bursa Malaysia" or "The Exchange"),
Kuala Lumpur's Stock Exchange. The agreement entails the Exchange's
adoption of Fusionex Analytics (GIANT) for the purposes of its
Enterprise Data Analytics initiative, which will elevate Bursa
Malaysia towards being a data-driven organisation.
Fusionex GIANT's ability to process large amounts of complex
data with high performance and speed is targeted to enable Bursa
Malaysia to keep track of the multitude of stock and price
movements in the market. Via Fusionex GIANT, Bursa Malaysia will
also be able to view company performance, stock prices, and stock
movements with ease in numerous areas including investor analytics,
market performance, market risk analysis, peer comparisons and
sentiment analysis.
Bursa Malaysia currently hosts close to a thousand companies
hailing from more than 50 different industries, and this culminates
in massive disparate data. Taking into account the billions of
securities traded daily on the stock exchange, Bursa Malaysia now
looks to 'tame' the ocean of data that ensues with the aid of
Fusionex's Big Data Analytics platform. The project is a
significant data analytics initiative that will allow Bursa
Malaysia to consolidate a multitude of information from disparate
sources and voluminous market data before carrying out
trend-watching and analysis activities to arrive at insightful
discoveries and decisions.
Fusionex Chief Executive Officer, Dato' Seri Ivan Teh said,
"Bursa Malaysia's vision to raise the bar and to better serve
its customers is exemplary. We are excited to be selected by Bursa
Malaysia as their partner of choice as they embark on this journey
to be among the most advanced data-driven organisations in this
region."
Bursa Malaysia Chief Executive Officer, Datuk Seri Tajuddin Atan
commented,
"We are pleased to appoint Fusionex as our preferred vendor to
help integrate enterprise data analytics at the Exchange. By
leveraging on the Big Data revolution we intend to provide greater
value to the capital market by enhancing our processes, towards
identifying new customer and product insights. Bursa has fully
embraced digitalisation as a strategy and transformative tool.
Digitalisation is a process that is ongoing in every sector,
industry and community in the global economy, and Bursa will
continue to tap into new technological innovations to further
develop the marketplace and improve the effectiveness and
accessibility of the Exchange."
-End-
For further details:
Fusionex
Ivan Teh, Chief Executive Officer Through
Yuen Choong Lai, Chief Financial Officer Buchanan
Darren Hopkins, Director of Investor
Relations & Corporate Development
Panmure Gordon
Fred Walsh, Alina Vaskina (Investment
Banking)
Erik Anderson, Charles Leigh-Pemberton 020 7886
(Corporate Broking) 2500
Buchanan
Sophie McNulty, Steph Watson, Patrick
Hanrahan 020 7466
www.buchanan.uk.com 5000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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