Investors online with JSX

Investors online with JSX

JAKARTA (JP): Foreign investors will soon be able to trade
online through the Jakarta Stock Exchange following a deal on
Wednesday between banking group DBS Group Holding Ltd. (DBS) and
online financial service firm TD Waterhouse Groups Inc.

The two companies agreed to enter a joint venture for the
establishment of a regional online financial service company that
would include the Indonesian stock market.

"This means we can bring more foreign investors into Indonesia
from the global and regional markets," said David Chang,
president of local brokerage firm PT Vickers Ballas Tamara, a
unit of the DBS Group.

As online trading here is not yet available, Vickers Ballas
will execute the online trading orders from TD Waterhouse, Chang
explained.

Although prospects of foreign investors trading at the JSX are
dim, he said, in the long term the JSX will benefit from its
greater exposure to global investors.

According to him, TD Waterhouse serves some 14 million retail
and institutional investors worldwide. (bkm)