Malaysia: Financial portal to launch online share trading

Financial portal Stock188.com is preparing to offer Internet share trading to its broker clients this July.

Financial portal Stock188.com is preparing to offer Internet share trading to its broker clients this July.

KUALA LUMPUR--The portal is being beta tested, Finexasia Sdn Bhd director Jimmy Loke said recently.

Finexasia which has MSC status, founded last June, specializes in Internet trading tools. The company merged with Stock188.com to offer a trading portal capable of handling multiple markets and differing currencies.

Stock188.com had a paid-up capital of "less than RM1 million" and had actually gone 'live' last June. Finexasia and the former got RM11 million in fundings from OSK Venture Equities Sdn Bhd, the venture capital arm of OSK Holdings Bhd.

Loke said the yet-to-be-launched broker-centric portal now has a subscriber base of between 3,000 and 5,000 members.

Features members commonly use are the Java-based real time streaming of Kuala Lumpur Stock Exchange (KLSE) share quotes, news and research resources.

One of the features on the site that is "well received" by users is the Stock Manager that offers metastock charting and live multiple portfolios.

The former provides technical analysis via online charting facilites while the latter enables investors to keep track of their stock accounts, stock position, profit & loss.

The Stock Manager feature cost members RM20 per month.

"Our free contents like the research articles are not produced in-house but rather, supplied by OSK Research, CIMB Securities and Sarawak Research.

"We will soon be able to provide share alerts to members via short messaging service (SMS) while the e-mail alert is now available," Loke revealed, adding the company is negotiating with Maxis and Messaging Technologies to offer the SMS alerts.