KUALA LUMPUR (Dec 15): Bursa Malaysia has introduced new trading features that give traders the flexibility to control their trading orders' validity for up to 30 calendar days.

In a statement today, the stock exchange regulator said these features are called 'Good-Til-Cancel' and 'Stop Market and Stop Limit'.

Good-Till-Cancel allows a new order validity that remains in the order book until it expires after 30 calendar days, or is cancelled by the investor or withdrawn by the exchange before expiry.

Stop Market and Stop Limit, meanwhile, allows investors to submit these order types with pairing of Day, Good-Till-Date or Good-Till-Cancel validity. It also allows Stop Orders to be submitted during Pre-Opening and Pre-Closing phases.

Bursa Malaysia chief executive officer Datuk Seri Tajuddin Atan said these additional features will give investors greater flexibility in managing their orders, enabling refinement of trading and risk management strategies.

"The expansion of order types and validity is timely, considering the growing sophistication of market participants. The exchange will continue to undertake initiatives to provide a more efficient and facilitative market framework, complementing our efforts of making available a greater breadth of investment product offerings," he said.

"Though seemingly incremental in isolation, these initiatives will collectively move us towards our vision of being the region's leading marketplace. As Bursa Malaysia becomes one of the leading centres for trading in the region, the exchange will continue to extract further value from our trading engine to broaden trading opportunities for market participants," he added.