Indonesia gearing up as Asia's next broking hot spot
The expected introduction of third-party securities clearing next year will coincide with the expansion of the asset management sector, says BNP Paribas.
Indonesia is being eyed as an upcoming hot spot for broking in Asia, with the regulator expected to open up the market to third-party clearing in the near future as the asset management sector is set to expand, according to BNP Paribas.
Broking activity in Indonesia is centred on “mainstream equities for mainstream institutional clients”, says Alan Cameron, head of client development for broker-dealers and investment banks, BNP Paribas Securities Services. “More of them are talk…
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