CLSA expects surge in Mongolia trading

In anticipation of increasing cross-border investment into Mongolia-listed securities, CLSA has agreed to become introducing broker for BDSec, the nation's biggest brokerage. Andrew Maynard, global head of trading and execution at CLSA in Hong Kong, describes Mongolia as Asia's next frontier market of choice, with foreign institutional investors being drawn to its natural resources sector. Four of the five leading stocks listed on the domestic bourse at present are natural resourc…