Maldives Stock Exchange Launches First Online Automated Trading System

The Maldives Stock Exchange (MSE) marked its 17th anniversary with a groundbreaking development, the official launch of its first online automated trading system for listed securities.

The new system enables registered companies to process investor orders live, providing instant order transmission to the trading board through a broker back-office web application called the Order Management System (OMS). This automation enhances efficiency and ensures real-time trade matching, revolutionizing the securities trading process in the Maldives.

In conjunction with this launch, the Maldives Securities Depository Company (MSD) introduced Trade Connect on its infinity.mv website. This feature allows Infinity account holders to select brokers and trade securities seamlessly. Investors can log in, access the Trade Connect tab, and submit trade requests directly to brokers, who process these transactions in real time.

The system underwent beta testing with limited users since June and received regulatory approval from the Capital Market Development Authority (CMDA) before its official rollout.

MSE emphasized that the automated trading system is designed to make securities trading more accessible and efficient for investors. With features like real-time market data, price updates, and order book access, the platform promotes transparency and supports informed investment decisions.

Additionally, the system integrates advanced technology, including APIs, enabling brokers to expand their service applications and ensuring scalability for future innovations in the market.

The launch of this automated system marks a milestone in the development of the Maldivian capital market, signaling a new era of efficiency and accessibility for investors and brokers alike.