TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Indonesia's IDX to ease margin trading rule, eyeing 25% transaction hike

Anton Hermansyah (The Jakarta Post)
Jakarta
Wed, December 28, 2016 Published on Dec. 28, 2016 Published on 2016-12-28T12:51:19+07:00

Change text size

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Indonesia's IDX to ease margin trading rule, eyeing 25% transaction hike A trading floor of the Indonesia Stock Exchange (IDX) building. (JP/Wienda Parwitasari)

T

he Indonesia Stock Exchange (IDX) will relax its margin trading rule in 2017 by increasing the amount of stock available for margin trading from 45 to 200 listed companies, aiming for a 25 percent increase in average daily transactions, the director said. 

IDX president director Tito Sulistio said securities with a net-adjusted working capital (MKBD) higher than Rp 250 billion (US$18.59 million) could receive a loan facility of up to Rp 100 billion from the newly established securities financing corporation.

"With this easing, an increase of at least 25 percent in daily transactions could be achieved next year," Tito told reporters in Jakarta on Tuesday.

(Read also: Bourse establishes securities financing company)

Tito added that the average number of transactions in the bourse was currently 280,000 per day, and it had touched 490,000 transactions a day around October.

"In Southeast Asia, we lost only to Thailand in terms of daily transactions, and only lost to Singapore in terms of market capitalization," he asserted, adding that the IDX wanted to be the biggest regional bourse in 2020.

According to a 1997 Financial Service Authority (OJK) rule, margin traders are required to have minimum net assets of Rp 1 billion, with an annual income of at least Rp 200 million. (dan)

 

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.

Share options

Quickly share this news with your network—keep everyone informed with just a single click!

Change text size options

Customize your reading experience by adjusting the text size to small, medium, or large—find what’s most comfortable for you.

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!

Continue in the app

Get the best experience—faster access, exclusive features, and a seamless way to stay updated.