TOKYO -- Japan Securities Finance, a provider of capital for margin trades, has acquired a 10% interest in a group arm of the Indonesia Stock Exchange as it seeks to generate business beyond the lethargic Japanese market.
JSF has invested 55 billion rupiah ($3.76 million) in Pendanaan Efek Indonesia, a securities-financing company 90%-owned by the group anchored by the Indonesia Stock Exchange. An agreement on the transaction was reached with Indonesia's Financial Services Authority.
