IDX set to “rehearse” new trading hours
The Indonesia Stock Exchange
(IDX) is planning to “rehearse” new trading hours at the beginning of next
month to ensure it can change to the new hours can be completed by the middle
of this year, a top executive says.
IDX president director Ito
Warsito said Wednesday that the “rehearsal” would be organized over the weekend
sometime around the end of February or early March, and that it would involve
brokers, the Central Securities Depository and the stock market clearing house.
“The trial is aimed at
understanding potential technical glitches because trading activities are
related to computer systems,” he told reporters after a panel discussion at the
Kempinski Hotel’s ballroom in Jakarta.
The stock exchange unveiled
last month a plan to open trading 30 minutes earlier to be nearer to trading
hours of neighboring countries so that investors could focus on the country’s
stock market instead of transferring their funds from other markets to the
The bourse currently opens at
9:30 a.m. and closes at 4:00 p.m.