CLSA
Asia-Pacific Markets will now offer institutional investors (including US
domiciled investors) access to onshore Mongolian equities traded on the
Mongolian Stock Exchange (MSE).

CLSA will
offer cash equity trading in Mongolia via an introducing broker (IB) agreement
with BDSec Joint Stock Company (BDSec).

BDSec is
the largest brokerage company in Mongolia covering about 17 percent of domestic
account holders and 47 percent of foreign account holders.

“CLSA
is one of the first foreign brokers to be able to offer institutional investors
access to this new domestic frontier market,” said Andy Maynard, CLSA global
head of trading and execution.  “While liquidity levels are not yet high,
the potential of this resource-rich market and the flow of foreign investment
make Mongolia an attractive market for investors.” 

Source: http://www.theasset.com