Bursa Malaysia was established in 1930, when the
Singapore Stockbrokers Association became an official organisation of securities in
Malaya. In 1937, it was re-registered as the Stockbrokers' Association of Malaya, but it still did not trade public shares. In 1960, the Malayan Stock Exchange was formed and public trading started on 9 May that year. In 1961, a board system was introduced in two trading places, one in Singapore and one in Kuala Lumpur. The two trading rooms were linked by direct
telephone lines into a single market with the same stocks and shares listed at a single set of prices on both boards. The Malaysian Stock Exchange was formally formed in 1964, and in the following year, with the
separation of Singapore from Malaysia, the stock exchange continued to function under the Malaysian and Singapore Stock Exchange (MSSE). In 1973, with the termination of currency interchangeability between Malaysia and Singapore, the SEMS was separated into the Kuala Lumpur Stock Exchange Bhd (KLSEB) and the
Stock Exchange of Singapore (SES). Malaysian companies continued to be listed on SES and vice versa. A new company limited by guarantee, The Kuala Lumpur Stock Exchange (KLSE) took over operations of KLSEB as the stock exchange. In 1994, it was renamed Kuala Lumpur Stock Exchange. It also fully suspended the trading of CLOB (Central Limit Order Book) counters, indefinitely freezing approximately US$4.47 billion worth of shares and affecting 172,000 investors, most of them Singaporeans. == See also ==