CHICAGO – JAKARTA, April 12, 2002 — Astra Graphia (www.astragraphia.co.id), the leading IT firm in the Republic of Indonesia, has signed an exclusive distribution agreement with InfoReach, Inc. (www.inforeachinc.com), a growing provider of electronic trading software for the financial securities industry. Under the agreement, Astra Graphia has exclusive rights to market and distribute InfoReach FIX Engine electronic trading software within the Asia Pacific region.
Additionally, InfoReach FIX Engine is being integrated into Astra Graphia’s WealthStream product, a Web-based securities trading solution that allows Jakarta Stock Exchange brokers to extend the Exchange’s reach to their retail clients. Along with the FIX connectivity solution, Astra Graphia will provide integration and support services.
The two companies reached a partnership decision after Astra Graphia successfully delivered InfoReach FIX Engine solution to the Jakarta Stock Exchange and its member firms. The growing awareness and acceptance of Financial Information Exchange protocol in the Asia Pacific region also factored into the companies’ agreement.
“By successfully bringing the Jakarta Stock Exchange remote trading project into production we had an opportunity to prove the proficiency of our IT staff and demonstrate that we had chosen the right vendor,” said Mr. Paulus Bambang W. S., Managing Director of Astra Graphia. “Astra Graphia has a forward-looking strategy, aiming to be a regional and international player, and our partnership with InfoReach will definitely add value.”
About PT Astra Graphia Tbk.
Astra Graphia is the largest information technology firm in the Republic of Indonesia. Established in 1971 as the Xerox sales and service division of PT Astra International, the company grew significantly and in 1976 was incorporated as a separate legal entity under the name of PT Astra Graphia. Astra Graphia branched into information technology in 1983 and went public in 1989. Its shares are traded on the Jakarta Stock Exchange and Surabaya Stock Exchange.
About Jakarta Stock Exchange
With an extensive product range and a fully integrated electronic trading, clearing and settlement system, the Jakarta Stock Exchange is one of most technologically advanced securities exchanges in the Asia-Pacific region. The JSX brings together participants, issuers and investors in an efficient and transparent market with excellent liquidity.
About InfoReach, Inc.
InfoReach is a Chicago based company well known for its FIX Engine, which has already been installed at 22 shops including Barclays Capital, Bank of America, Credit Lyonnais Securities, G-Trade, CT&S and UBS O’Connor. Also, InfoReach is the leading provider of trade management and execution system which, together with the InfoReach FIX Engine is a part the InfoReach TMS product. InfoReach TMS supports trading of single, as well as baskets of multiple classes of securities, allows for the automation of execution and trading strategies and provides some built-in algorithms for automated trading, such as order slicing, price pegging and balanced execution.