Source: ConvergEx
ConvergEx Group, a leading technology company, today announced that clients can now use its patented ADR Direct technology to electronically trade ordinary shares in Indonesia and Malaysia and convert the shares to ADRs in U.S. dollars.
This technology offers real-time transparency, minimizes market impact and reduces explicit trading costs.
"As the leader in the ADR space, ConvergEx is continually looking for new ways to provide access to overseas liquidity and building ADR Direct for Malaysia and Indonesia offers unique opportunities for our clients," said Andrew Levine, managing director and head of ConvergEx's ADR business. "Our innovative ADR products enable our clients to easily invest in emerging markets through a simplified workflow. In the coming months we plan to open several new destinations so that clients continue to have the broadest access to world markets."