Online brokerage systems provider iAsia Technology has revised its business development plans in some Asian markets due to political and economic uncertainties. Henry Ko, pictured, co-chief executive of the Growth Enterprise Market-listed firm, said the company had put on hold its plans to sell its systems to some Indonesian banks amid political uncertainties there. Because of the difficult economic and stock market conditions in Taiwan, the company has also revised an original plan of selling full-range brokerage systems in Taiwan, to selling smaller versions that can be extended later. 'We are taking a cautious approach by slowing down our development until these markets show a substantial demand,' he said. The company will focus its resources on the Greater China market, he said, adding it is expecting to forge at least one joint venture on the mainland with a technology firm with close connections to mainland brokerages before the end of this year. Mr Ko said the firm had signed agreements or letters of intent with 40 local brokerages on procurement of iAsia's stock trading and back-end settlement systems, up from 14 at the end of March 31. According to research firm International Data Corp's report released in June, only about 5 per cent of Hong Kong's total stock trading value is conducted online, behind 56 per cent in South Korea but ahead of Singapore and the mainland. IAsia is due to announce its results for the three months to June 30 today. It lost HK$6.7 million in the quarter to March 31, but is targeting to break-even in the quarter to December 31. It announced yesterday the acquisition of two software firms for HK$11 million to widen its product offering.