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 Fidessaâs. 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 Fidessaâs network to leverage our local knowledge of the market.â
Jean-Pierre Baron, Managing Director for Fidessa Asia-Pacific, comments: âThis 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.â
This news is the latest in a number of connectivity developments from Fidessa in the emerging markets of Asia. Fidessa has partnered with RHB Investment Bank to provide DMA to the Malaysian stock exchange, and 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.
Fidessaâs 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. Fidessaâs 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.