20070719 1119. The FTSE Bursamalaysia large 30 index ETF started trading today. As at 11:09am encouraging volume of 1.6 m units were traded. A very good start, whether the interest in this market will sustain is another question. Rest assured, we will be looking at a FBM30 large index futures soon from Bursamalaysia Derivatives.
Bursamalaysia website, list a comparison of trading ETF, Stocks and unit trusts in its website.(screenshot) For a market to succeed, there must be active participation from a broad range of traders. One suggestion is to half the commission charged and SCAN fees and lobby the government to halve the stamp duty. Then we might get more active participation from the punters.