The exchanges and central banks of both countries will iron out details in the coming months for it to be operational by year-end.
The investment will help Duco grow its staff by about 140 percent and incorporate machine-learning tools into its offering.
Investment selections will still be overseen by human managers before trades are executed.
Artificial intelligence and advanced technology are powering the next generation of investment in Malaysia
Hong Leong to use a suite of the provider's products
The Malaysia Money Brokers Association, a group of six licensed money brokers in Malaysia, will use Bloomberg as its primary platform for the dissemination of foreign exchange rates, in move to increase price transparency in the country and support…
Kenanga Investors Berhad (KIB), an asset manager based in Kuala Lumpur, has selected SS&C Portia, a middle-to-back office investment operations platform, to support its investment management business.
Financial messaging provider Swift has opened a new office in Kuala Lumpur.
Malaysia Venture Capital Management Berhad (MAVCAP), a government-owned venture capital company, has software vendor eFront to manage its portfolio.
Employees Provident Fund to Expand with FIX trading, post-trade administration software.