CTS Global Equity Group, Inc. plans to expand into the Indonesian stock market with an initial fund disbursement into Bank Central Asia (BCA) Indonesia, it disclosed on Monday.
In a disclosure, the proprietary trading firm said the move is in line with its aim to reach a long-term target of getting more revenues from global trading.
For the first quarter of 2022, up to 43% of total proprietary trading revenues came from global markets. It added that the foreign country’s “commodity-driven nature allowed its stock market to thrive despite the global meltdown.” CTS said the positive reception should fuel more technology company listings in the coming years for Indonesia.
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