pitchIN introduces PSTX, Malaysia’s first secondary trading market

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pitchIN has announced the launch of PSTX, the pitchIN Secondary Trading Market.

By Digital News Asia July 3, 2024PSTX will open for trading at 10 am on 10 July 2024, initially listing ten companies

It added that its private equities marketplace joins the ranks of other international ECF platforms like Seedrs and StartEngine in providing formal trading platforms to ECF investors. PSTX will open for trading at 10 am on 10 July 2024 with ten companies listed initially. More companies are due to be listed in the coming months. At commencement, PSTX will open for trading two days a week: every Wednesday and Thursday between 10 am to 5 pm, and orders can be placed from 10 am onwards on Tuesdays. The secondary market will not open on national public holidays that fall on Wednesdays or Thursdays.

PSTX will enable the general public to safely invest in the private market through a regulated platform that is operated by pitchIN. Anyone wishing to trade will have to open an account with pitchIN and undergo the customary KYC processes required for users of registered financial platforms. The secondary market will operate on a cash upfront basis whereby users wanting to trade will have to ensure that the necessary funds are in their accounts before they place bids.

 

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