French investment bank Société Générale has added algorithms and direct market access for Indonesia to its Quantitative Electronic Services (QES) product suite.
SocGen already provided electronic trading services in 11 markets across the Asia-Pacific region. Malaysia, Brazil and Mexico went live as part of the firm's expansion drive earlier this year, and Chile followed in September 2010.
SocGen said its algorithms take account of certain distinctive features of the Indonesian Stock Exchange such as limits on the number of stocks included in the opening auction and different trading hours on Fridays.
Available through third-party trading systems, QES is a product of SocGen's global equity flow division, which offers a range of tools for trading equities, exchange-traded funds and derivatives across 65 markets.