Company Profile PT. eTrading Securities

Gallery Office Education Makassar

          PT eTrading Securities in operation since January 2003 by becoming a pioneer in Indonesian Capital Markets Industry by introducing a first online stock trading system in Indonesia which we call the HOTS. With support from PT Daewoo Securities (Korea) and Japan Asia Investment Co., Ltd.. (Japan) as shareholders, we continue to develop themselves to provide better investment for our clients. Securitization Awards as Best year since 2003 until 2008 of a media capital market is a proof of our commitment to run this business. HOTS launch of version 2 in early 2009 is one concrete evidence of our serious commitment to being the best in this industry in future. Technological advantage coupled with our excellent service and professional staff we have recruited, we, believe that we will bring PT eTrading Securities to become one of the main players in the Indonesian Capital Market Industry in short while longer.

Daewoo Securities Buys Into Indonesian Broker

Agreement between PT.eTrading Securities with Daewoo Securities

 

Daewoo Securities president Kim Sungtae, right, shakes hands with Shin Jaewon, president of Indonesia’s e-Trading Securities, after signing an investment agreement at the Grand Hyatt Hotel in Jakarta, Indonesia, Thursday.

Daewoo Securities has advanced into Indonesia's securities industry, acquiring a large stake in the Southeast Asian country's biggest online brokerage firm.

The company said on Friday that it signed an investment contract with e-Trading Securities of Indonesia a day earlier to purchase a 19.9 percent stake in the Indonesian securities firm, becoming the second largest stakeholder.

Daewoo plans to send its investment bankers to the Indonesian company to transfer its know-how in investment banking and other asset management and to expand its business network throughout Southeast Asia.

E-Trading Securities introduced the country's first online-based stock trading system in 2002 and has become the fifth largest securities company in Indonesia.

``To become a leading investment bank in Asia, we have decided to build an extensive business network in Southeast Asia. Last year, we invested $7 million in natural resources and infrastructure development projects  in Indonesia. We will expand that investment to $70 million this year,'' Daewoo Securities president Kim Sung-tae said.

Last month, Daewoo also signed a memorandum of understanding (MOU) with Vietnam's Bao Viet Securities for cooperation in investment banking businesses and employee exchanges.

Last week, the company received a boost from the government as the state-run Korea Development Bank (KDB) will hand over its investment banking business to the brokerage firm to turn it into the country's top investment bank.

Other domestic securities companies have also announced plans to become an investment bank since last month when the National Assembly passed the Capital Market Consolidation Act. 

It is designed to remove barriers between diverse financial services and in particular, nurture brokerage companies to become internationally competitive investment banks like Goldman Sachs.