Credit Suisse executes DMA trade in Indonesian

by Richard Kilner

Story link: Credit Suisse executes DMA trade in Indonesian

The Advanced Execution Services (AES) unit of investment bank Credit Suisse has become the first overseas broker to complete an equity trade for an external client on Indonesia’s Jakarta Stock Exchange.

The deal went through utilising Direct Market Access (DMA), echoing an earlier deal in 2008 in Malaysia where Credit Suisse remains the only foreign entrant into that market.

Head of AES sales for Asia-Pacific, Brook Teeter, has expressed his excitement at adding Indonesia to the firm’s electronic markets within Asia.

DMA offers a number of benefits over traditional brokerage, such as equity and future trading with none of the routing order delays, and market anonymity.

The AES product suite continues to grow, and has access to 27 liquidity pools in the region, granting the Swiss bank the largest market access in the region.