An Overview Of The Indonesian Stock Exchange
The Indonesian Stock Exchange (IDX) is the main stock exchange of Indonesia, located in the country’s capital, Jakarta. Founded in 1912, it is one of the oldest stock exchanges in Asia and has a long history of providing investors with access to the Indonesian capital markets. The IDX is the largest stock exchange in Southeast Asia in terms of trading volume and market capitalization. It is also the second-largest in the world among those listed on the World Federation of Exchanges.
The Indonesian Stock Exchange is regulated by the Indonesia Financial Services Authority (OJK). It is a member of the World Federation of Exchanges, the Asian and Oceanian Stock Exchanges Federation, and the Association of Southeast Asian Nations (ASEAN). The IDX also participates in a number of international capital markets programs, including the Global Stock Exchanges Alliance, the Global Equity Market Access Program, and the Global Exchange Alliance.
Types of Securities Traded on the IDX
The IDX offers a wide range of securities including stocks, bonds, and derivatives. Stocks listed on the IDX include those of large companies, such as Bank Mandiri, BRI, and Telkom Indonesia, as well as smaller companies. The exchange also lists government bonds and derivatives, such as futures and options.
The IDX also offers investors the opportunity to invest in collective investment schemes. These are funds that pool the investments of multiple investors and invest in a wide range of assets, such as stocks, bonds, and commodities. These funds are managed by professional fund managers and offer investors the opportunity to diversify their investments.
Indonesian Stock Exchange Trading Hours
The Indonesian Stock Exchange is open for trading from Monday to Friday, 9:00am to 4:00pm (GMT +7). The exchange is closed on public holidays and some other days, such as the Lunar New Year, Christmas, and the Islamic New Year.
Trading on the IDX is conducted electronically via the Jakarta Automated Trading System (JATS). The exchange also offers an online trading platform called JATS Online, which allows investors to trade from any location.
Indonesian Stock Exchange Regulations
The IDX is regulated by the OJK. The regulations governing the exchange are designed to ensure that all investors are treated fairly and to protect their investments. The regulations cover a wide range of topics, including listing requirements, disclosure obligations, corporate governance, insider trading, and market manipulation.
The OJK also administers the Indonesian Depository System (IDeS), which is responsible for the safekeeping of securities listed on the IDX. The IDeS is a central securities depository that holds the securities of listed companies and facilitates the transfer of ownership.
Other Services Offered by the Indonesian Stock Exchange
The IDX also provides a range of other services to its members, including research, education, and market data. The exchange also offers a range of investment products, such as index funds and exchange-traded funds (ETFs).
The IDX also provides investors with access to the global capital markets through its participation in the Global Stock Exchanges Alliance and the Global Equity Market Access Program. Through these programs, investors can access the world’s major stock exchanges and trade in a wide range of securities.
Conclusion
The Indonesian Stock Exchange is an important part of the Indonesian capital markets. It offers investors access to a wide range of securities, including stocks, bonds, derivatives, and collective investment schemes. The exchange is regulated by the OJK and provides investors with access to the global capital markets through its participation in international programs.
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