OREANDA-NEWS. 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."