Fusionex has signed an agreement with Bursa Malaysia Berhad - Kuala Lumpur's Stock Exchange - to provide an enterprise data analytics solution.
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.
Fusionex chief executive 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."