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98% of Global Market Capitalisation now accessible via Cheuvreux / CLSA Global Portfolio Trading
Building on the successful launch of Cheuvreux / CLSA Global Portfolio Trading Pte. Ltd. (‘Global Portfolio Trading’) a year ago, CA Cheuvreux and CLSA have expanded their offer to access more than 98% of the world's market capitalisation.
Global Portfolio Trading has taken a further step in the ongoing expansion of its access to marketplaces throughout the world with the addition of all emerging markets and a number of frontier markets. This move will bring the trading capabilities of Global Portfolio Trading to a total of 62 countries by the end of the third quarter this year.
The Global Portfolio Trading service offers a single gateway to the world’s markets, covering more than 98% of the global market capitalisation through CA Cheuvreux and CLSA’s respective networks of equity market memberships.
CA Cheuvreux and CLSA's extensive network of local memberships, combined with longstanding local broker relationships ensure that orders are executed locally by highly-experienced traders. This global trading reach is supported by a dedicated around-the-clock back office in Singapore, providing institutional investors with smooth delivery of their transactions.
Global Portfolio Trading leverages CA Cheuvreux and CLSA's sales and sales trading desks, technology and award-winning research to offer superior equity portfolio trading across the globe.
CLSA Global Head of Trading and Execution Andrew Maynard said that Global Portfolio Trading is an essential part of the trading and execution services. “To extend our reach beyond developed and emerging markets allows us to offer global coverage and provide clients with an alternative channel to pay for our research services. Global Portfolio Trading is committed to superior execution quality whilst minimising market impact by leveraging our highly-dedicated team, experienced traders on the ground and state-of-the-art technology,” Maynard stated.
#Source: Bloomberg - May 2011