SocGen Adds Indonesia Algorithms
Societe Generale Corporate & Investment Banking announced today that it has added
Algorithms and Direct Market Access for Indonesia to its Quantitative Electronic Services
The addition makes the bank the leading provider of direct access and algorithmic strategies
to 11 markets across the Asia Pacific region. This announcement follows the addition of
Malaysia, Chile, Brazil & Mexico earlier this year and underlines the Bank’s commitment to
extend coverage in some of the fastest growing emerging markets and provide institutional
customers with innovative technology and services.
The Indonesian Stock Exchange, which came into existence in its current form in 2007, has a
number of particularities that needed to be accounted for. For example the opening auction is available only to a limited list of stocks (which changes periodically) and Friday trading hours are different from the rest of the week. Societe Generale Corporate & Investment Banking has made such particularities completely transparent to investors in its full suite of algorithmic tactics, whilst providing the same level of execution quality that institutional investors have come to rely upon.
The QES product is available through the majority of third party trading systems and is
constantly evolving with the needs of clients and market environments.
With access to one of the largest liquidity pools in Global Equities (including #1 market share
on Euronext), the bank’s Global Equity Flow division offers global coverage across 65 markets, comprehensive liquidity solutions, advanced algorithms and an integrated execution
product, encompassing equities, ETFs & derivatives.