Trimegah Securities joins Fidessa's global community
Leading Indonesian broker provides DMA service for Jakarta on Fidessa network
Hong Kong, 2 November 2010 - Fidessa group plc (LSE:FDSA) the leading provider of high-performance trading systems, market data and global connectivity to buy-sides and sell-sides globally, has today announced that Trimegah Securities, one of the foremost domestic brokers in Indonesia, has joined its global connectivity network. Trimegah Securities is well-positioned to exploit its local knowledge and execute flow from other brokers and buy-sides in the Fidessa community on the Jakarta Stock Exchange.
Henry Jusuf, the Executive Director of Trimegah Securities, stated: "We are extremely pleased to be joining a community of the size and with the reach of Fidessa's. 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. We look forward to working with others on Fidessa's network to leverage our local knowledge of the market."
Jean-Pierre Baron, Managing Director for Fidessa Asia-Pacific, comments: "This latest addition to our network reinforces the value it provides to the global buy and sell-side community and demonstrates our commitment to continue expanding into new regions. Trimegah Securities is one of the largest brokers trading on the Jakarta stock exchange and has an impressive reputation in the region, making them a very strong partner for us."
This news is the latest in a number of connectivity developments from Fidessa in the emerging markets of Asia. In 2009, Fidessa partnered with RHB Investment Bank to provide DMA to the Malaysian stock exchange and, more recently, it announced its high-speed interface to the Korean exchange and a partnership with Yuanta Securities to offer DMA to the Taiwan exchange through its connectivity network.
Fidessa's network provides connectivity to more than 2,400 buy-sides and 550 brokers across 142 markets globally. Each month, the network carries flow with a value of around US$700 billion. Fidessa's products serve over 26,000 users across around 900 clients worldwide and are used by more than 85 per cent of tier-one financial institutions.
About PT Trimegah Securities
PT Trimegah Securities Tbk is one of the leading securities companies in Indonesia, engaging in Equity Capital Market, Debt Capital Market, Investment Banking, Asset Management and the Islamic Finance. Great value is placed on cultivation of a lasting and client-focused relationship by fostering a culture dedicated to deliver customized, value-added brokerage services including sales trading, transaction analysis, commission management and effective research reporting. All to serve High-Net-Worth Individuals, Corporations and Institutions to whom we have been partnering with for more than 20 years in growing their business and managing their wealth accordingly to Trimegah's principle of putting the client's interests first.
As one of the most steadfast Direct Market Access (DMA) providers in Indonesia, since inception, Trimegah Securities has been emphasizing its trading activities on technology as a vital element for being competitive in the securities industry. Trimegah's broad arrays of DMA-FIX solution allows flexible architecture, low latency, seamless order routing, robust back office and low cost execution widely across liquidity venues. On top of that, Trimegah also offers Execution Desk Access (EDA) or CARE services for Institutional Clients.
Operating widely through its 18 branches across Indonesia and by employing more than 130 sales traders and 350 employees across various capital market divisions, Trimegah is a pure agency broker dedicating its efforts to prevent clients' conflict of interest from moving large blocks of stocks into trade while serving 33,000 equity brokerage clients amid a total of 370,000 account holders in Indonesia. Through commitment and discipline we protect the interests of shareholders, employees and clients as well as all community stakeholders we live in.
For Trimegah, there is nothing more important as maintaining clients' trust by fulfilling their specific investment needs, equipped with modern infrastructure and advanced technology in ensuring a timely, accurate and efficient execution throughout Indonesia, then globally in future.PDF (0.03 MB)