Citigroup has been allocated a seat on the Indonesian stock exchange IDX, and expects to start trading directly in domestic equities in August. The exchange has given the go-ahead for Citicorp Securities Indonesia to act as an equities broker, so it will soon be able to offer local and international clients direct access to the Indonesian stock market.
The US bank has had to wait for about a year for approval, because the bourse has a restricted number of seats available. A domestic broker gave up its membership, which meant that Citi could move ahead with its plans.
We are already a leading player in the Indonesia capital...
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