Credit Suisse AES becomes the first foreign broker to execute a Direct Market Access (DMA) trade in Indonesia

Credit Suisse’s Advanced Execution Services (AES) unit today became the first foreign broker to complete an equity trade for an external client on Indonesia’s Jakarta Stock Exchange using Direct Market Access (DMA).

This development is further evidence of Credit Suisse’s leadership in DMA through its AES platform. Earlier this year, the Bank was the first broker to execute a DMA order in the Malaysian market, and remains the only broker offering this service in that market.

“We are very excited to add Indonesia to our growing list of electronic markets in Asia,” said Brook Teeter, Head of AES Sales for Asia Pacific. “Indonesia is a challenging market to trade with large spreads and low volumes. As an efficiency tool we are expecting our clients to take greater control of their orders and feel comfortable in the anonymity DMA affords them.”

AES continues to expand the suite of products available to clients and, with access to 27 pools of liquidity in the region, Credit Suisse has the largest market access in the Asia Pacific.

DMA offers clients a range of potential advantages over traditional brokerage, giving clients the ability to trade equities and futures directly into exchanges without any of the delays associated with routing orders to a sales trader or dealer. It combines speed of execution, anonymity in the market, the ability to react quickly to other flows and the ability to self-manage limit orders in the market. DMA and AES can be accessed through over 60 order management systems.