Bursa Malaysia and CGS-CIMB Securities to Host InvestHack Virtual Hackathon
Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”) in partnership with CGS-CIMB Securities Sdn Bhd (“CGS-CIMB”), will host the inaugural “InvestHack” hackathon event from 20 – 22 November 2020. Themed “InvestHack: Reimagine Investing”, the contest aims to develop innovative solutions and offerings that can enhance retail investor participation in the marketplace. Joining in as community partners to support the competition are Malaysia Digital Economy Corporation (MDEC) and the Malaysian Global Innovation & Creative Centre (MAGIC).
Retail participation on Bursa Malaysia has seen significant growth this year, attributable to a variety of factors arising from the COVID-19 pandemic. As at end-September 2020, our retail participation recorded a 10-year high of 33.2%, while Average Daily Value (ADV) was RM1.327 billion representing a 231.4% increase compared to the same period in 2019.
Registration for InvestHack is free and will offer a total cash prize of RM35,000. Teams will be required to work on four different challenges to improve the retail investor ecosystem.
The 3-day virtual hackathon will be conducted via an interactive platform comprising teams of three to five people. Registered teams will be invited for a virtual briefing on 16 November 2020 to dive into the problem statements. During the main event, teams will be guided by knowledgeable and experienced mentors, to be followed by two rounds of pitching sessions to select the top three winners.
For more information and to register, please visit https://www.bursamarketplace.com/investhack-2020/.