DMA faqs ISVs

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    FAQ - For Independent Software Vendors (ISVs)

    1. What are the various ways for a Malaysian broker to access the ExchangesTrading Engine?

    There will be 3 ways (front end solutions) to access the trading engine:(a)The Exchange hosted solution where the server is installed at the

    Exchange and brokers each own a portion of the server/DMA Gateway.(b)The broker can also opt to develop its own solution (in-house) or(c)The broker may even opt to purchase a solution from an ISV, who must be

    an Approved Vendor.

    2. What is the trading front end system that is currently in use?

    In the derivatives market, a dummy terminal is used. Conversely, for theequities market, a dealer trading terminal (WINSCORE) is used.

    3. When can I start to sell my software to Malaysian brokers?

    You may approach our brokers, i.e., Trading Participants and ParticipatingOrganizations once you have been appointed as an Approved Vendor.

    4. How do I become an Approved Vendor?

    Firstly, send in the completed application form (Appendix A), whilstcomplying with all the terms and conditions stated therein

    Contact the Exchanges IT department to confirm testing period

    Perform the test Submit test results The Exchange will then evaluate the results and appoint the ISV as an

    Approved Vendor if all the criteria is successful fulfilled

    5. When can I start testing my software on Bursa Malaysias testing platform?

    If you are connecting to the testing platform via MMTP the platform is alreadyavailable.Conversely, if you are connecting via FIX 4.4, the testing platform is expectedto be available from 1Q 2008 onwards.

    6. What are the hardware and software requirements (to test)?

    To connect to the testing platform, a Certified Access Point (CAP) is required.The ISV would also need to secure an ISDN line and an ISDN router. The ISDNcall charges during the testing period will be borne by the ISV. Please refer toexplanatory notes and diagrams found on pages entitled connection via MMTPor connection via FIX of this manual for a detailed explanation.

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    7. What is the cost to connect to the testing platform?

    Access to our testing platform (via MMTP) is absolutely free up to the end of2007. However, you will have to incur costs in terms of obtaining a CAP, anISDN line and an ISDN router. Please note that from 1st January 2008 onwards,

    you will have to pay to connect to the testing platform.

    For those opting to connect via FIX 4.4, access to the testing platform will befree until the end of 2008. From 1st January 2009 onwards, connection to thetesting platform will be chargeable.

    8. Once I am an Approved Vendor, who can I sell my software to?

    Please refer to the list of Trading Participants and Participating Organizationscontained in our directory.

    9. What is MMTP?

    The MMTP Open Interface Solution is the hardware and software protocolbetween the Exchange's systems and external or independent softwareapplications (front end trading, order routing or data vendor systemsgenerally). The goal of the open interface is to provide approved participantsand Independent Software Vendors (ISV) a mechanism to easily buildcustomized requests and market data feed systems that interface with BursaTrade. Through a set of standardized API functions, technical staff have themechanism to build applications that submit requests to as well as receiveresponses (e.g. order acknowledgement, trade notice) and market data

    information.