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September 22nd, 2008 - GL TRADE & PT TRIMEGAH SECURITIES Tbk offer Direct Market Access to the Indonesia Stock Exchange
GL Trade in new direct market agreement with Indonesian broker
Nasser Khodri, Managing Director of GL TRADE South-East Asia: "We are delighted to enable international clients to trade on IDX through the agreement with Trimegah, as a major Indonesian brokerage house."
GL TRADE has announced that the group offers with PT TRIMEGAH SECURITIES Tbk Direct Market Access to the Indonesia Stock Exchange (IDX). This agreement will allow non-members of the IDX to send orders via Trimegah. It also strengthens GL TRADE’s client connectivity offering, which will be presented at GL NET FORUM 2008 in London, on September 25th.
Direct Market Access (DMA) via GL NET, the group’s low latency order routing and trading network, enables financial institutions to handle high transaction volumes. Through GL NET, firms can trade electronic markets around the world without necessarily being members. The DMA service provides low latency market data flow and high performance order execution, as for market members.
Henry F. Jusuf, Managing Director, Equity and Capital Markets at Trimegah said: "We are excited to connect Trimegah to GL NET as this will enable us to provide our global and domestic clients with better execution, as well as to offer Indonesian clients direct access to markets outside Indonesia."
Nasser Khodri, Managing Director of GL TRADE South-East Asia, said: “Having established gateways to provide DMA access to IDX and also electronic desk access to Indonesian brokers, we are delighted to enable international clients to trade on IDX through the agreement with Trimegah, as a major Indonesian brokerage house.
“GL TRADE has always sought to work with brokers and exchanges on developing markets, building long-term relationships and partnerships. This work also enables the members of the international financial community to connect to new pools of liquidity and expand their trading opportunities.”
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