Affin Investment Bank Bhd (AIBB) anticipates its cross-border trading value to double by the next 12 months, supported by its newly-introduced cross-border trading procedure.

While talking to media, executive vice-president and stockbroking division head Datuk Saiful Bahri Zainuddin said, “At present, the lender operates between RM150 million and RM200 million yearly from such trade.”

However, Saiful Bahri told media that market reactions will affect the value of cross-border trade.

He said, “Keen interest shown by our remisiers and clients in investing in securities listed on foreign stock exchanges prompted us to implement more efficient online cross-border trading system.”

According to him, the new platform will permit dealers as well as remisiers to have access to price feed on securities listed and traded in international stock exchanges.

He said, “The new cross-border trading platform enables our dealers and remisiers to have access to trade in securities listed on exchanges located in cities such as Singapore, Hong Kong, New York, London, Tokyo, Jakarta, Seoul, Shanghai as well as the Australian and Canadian exchanges.”

However, the demand is there for the Indian and China markets.