CLSA to offer cash equity trading in Mongolia
CLSA Asia-Pacific Markets will now offer institutional investors (including US domiciled investors) access to onshore Mongolian equities traded on the Mongolian Stock Exchange (MSE).
CLSA will offer cash equity trading in Mongolia via an introducing broker (IB) agreement with BDSec Joint Stock Company (BDSec).
BDSec is the largest brokerage company in Mongolia covering about 17 percent of domestic account holders and 47 percent of foreign account holders.
“CLSA is one of the first foreign brokers to be able to offer institutional investors access to this new domestic frontier market,” said Andy Maynard, CLSA global head of trading and execution. “While liquidity levels are not yet high, the potential of this resource-rich market and the flow of foreign investment make Mongolia an attractive market for investors.”
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© Asset Publishing and Research Limited
CLSA will offer cash equity trading in Mongolia via an introducing broker (IB) agreement with BDSec Joint Stock Company (BDSec).
BDSec is the largest brokerage company in Mongolia covering about 17 percent of domestic account holders and 47 percent of foreign account holders.
“CLSA is one of the first foreign brokers to be able to offer institutional investors access to this new domestic frontier market,” said Andy Maynard, CLSA global head of trading and execution. “While liquidity levels are not yet high, the potential of this resource-rich market and the flow of foreign investment make Mongolia an attractive market for investors.”
Contact The Asset
© Asset Publishing and Research Limited
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