KUALA LUMPUR (Jan 8): Bursa Malaysia Bhd has introduced a slew of new trading features, including market order at pre-closing, to enable investors to execute a greater variety of trading strategies.

The exchange said the expanded trading features will help investors navigate more efficiently through the equity market environment.

Market order at pre-closing allows investors to key-in market orders during pre-closing auction session, it said in a statement.

Another new feature is on-open order, which allows investors to place an order that will be executed at the day's opening price.

Also being introduced is on-close order, which allows investors to buy or sell shares at the closing price, which will be executed at or just after closing at the end of the trading day.

Besides that, investors can also now execute an iceberg order, which allows them to make conditional requests to buy or sell a large quantity of shares but in smaller pre-determined quantities.

"This kind of order is typically used by large or institutional investors to avoid sudden movement in the market caused by large orders," said Bursa.

Another new feature is one-cancel-other order, which is a set of two orders whereby matching of one order will result in the cancellation of the other order.

Bursa CEO Datuk Seri Tajuddin Atan said the new trade execution options are expected to empower investors towards enhancements in their trading strategies and help promote a more profitable and sustainable trading in the equities market.

"Looking forward, the exchange will continue to provide investors greater choice and more efficient means to implement their trading ideas that will allow them to better manage risk and capture new opportunities in the market," he said.