Indonesian broker Trimegah Securities has joined trading technology provider Fidessa's global connectivity network.
As a result of the deal, Trimegah will be able to execute electronic order flow from other members on the Fidessa network on the Jakarta Stock Exchange, as well as share its local market knowledge.
“The Indonesian market has developed and matured in recent years following a period of strong growth in the commodity markets, and we are seeing increasing interest in the country within the Asia-Pacific region and beyond,” said Henry Jusuf, executive director, Trimegah Securities.
Fidessa has recently completed deals with a number of new connectivity partners from emerging markets in Asia, including the addition of Taiwanese broker Yuanta Securities and Malaysian broker RHB Investment Bank to its network and the development of a low-latency gateway for accessing the equities and derivatives markets in Korea.