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AKARTA : The Indonesia stock exchange (IDX) sent a warning letter to investment firm Trimegah Securities on Thursday for alleged trading malpractices.

 “Based on the stock exchange’s investigation, Trimegah have allegedly been found to have manipulated transactions to influence the market, via unusual orders,” IDX director Urip Budhi Prasetyo said in an official statement.

Urip said the stock exchange had decided to stop Trimegah’s direct market access (DMA) to do transactions faster than the normal access system, until the firm could explains its transactional system.

Trimegah, however, can still do online trading to serve its customers, Urip added. —JP