Credit Suisse launches algorithmic trading in Indonesia

Credit SuisseÆs advanced execution services (AES) unit adds algorithmic trading to its direct market access suite for Indonesian equities.

Credit Suisse said yesterday that it has launched algorithmic trading for Indonesian equities as a further step towards providing a comprehensive electronic trading capability in the country. This follows the bank's introduction of direct market access DMA to the Indonesian market in August 2008.

Credit Suisse is one of the leading foreign financial institutions in Indonesia, active in investment banking and investment management services. The introduction of algorithmic trading in Indonesia is part of a move by the bank...

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