The benefits of cleared markets include open and transparent markets and a level playing filed with a transparent central order book, he said and addresses system risk.

FORBES: Is There Profit to be Made from Dodd-Frank Legislation?

But investors in Singapore's Central Limit Order Book, an offshore market for Malaysian shares, were not so fortunate.

ECONOMIST: Malaysia??s stockmarket

And more than a third of those are frozen in Singapore's Central Limit Order Book, an offshore market declared invalid by Malaysia last year.

ECONOMIST: Malaysia??s stockmarket: Ready, steady | The