Indonesia Stock Exchange (IDX)

Posted By Steve On Sunday, October 11th, 2009 With 0 Comments
Jakarta Stock Exchange Website: JSE Home Page

Contact: Contact JSE

Map: JSE Map

The Indonesia Stock Exchange (IDX)

The Jakarta Stock Exchange (JSX) began as an Association of Stockholders in 1912. After being dormant for many years, it reopened in its present form in 1977. There is also a stock exchange in Surabaya, East Java, which is much less liquid than Jakarta and most companies prefer to list on the JSX. In March 1992, JSX was privatised and PT Bursa Efek Jakarta (BEJ) took over the day-to-day operations from Bapepam-LK. BEJ/JSX is a privately-owned limited company, whose shareholders are local stockbroking firms. It holds the central record of share transactions, which are registered upon completion on the floor of the JSX.

Jakarta Futures Exchange (JFX)

Indonesia’s first futures exchange, The Jakarta Futures Exchange (JFX), started trading in December 2000. JFX trades various commodities, indexes and foreign exchange futures products. Transactions are mainly dominated by Futures Contracts on commodities, such as Gold, Olein, etc. JFX has significantly increased its net income and daily trading during 2004. JFX introduced a remote trading system called JAFeTS (Jakarta Futures Electronic Trading System) in January 2006.

Surabaya Stock Exchange (SSX)

Most of the Indonesian corporate bonds are listed in the SSX. SSX provides Over-The-Counter facility and enables market participants to report their transactions. It provides market information and easy reference for market participants to conduct both corporate and government bond negotiation and transaction. An On-The-Counter Fixed Income Trading System (FITS) for corporate bonds trading has been utilized since mid of 2005. SSX also trades equities, but with less market activity than JSX.

Trading System

JSX trading system is called the Jakarta Stock Exchange Automated Trading System (JATS) which facilitates order input, opening price formation, order matching and trade confirmation. Orders are matched first by price priority and then by time priority. Upon trade execution, JATS generates trade confirmations online.

Trading Hours

Trading hour in the Regular and Negotiated Markets:

Monday – Thursday
Morning Session: 09:00:00 to 12:00:00 WIB
Afternoon Session: 13:30:00 to 15:49:59 WIB
Friday
Morning Session: 09:00:00 to 11:30:00 WIB
Afternoon Session: 14:00:00 to 15:49:59 WIB

Trading Hour of the Cash Market:

Monday – Thursday
09:00:00 to 12:00:00 WIB
Friday
09:00:00 to 11:30:00 WIB

Trading Hour of Negotiation Market:

Monday – Thursday
Morning Session: 09:00:00 WIB to 12:00:00 WIB
Afternoon Session: 13:30:00 WIB to 16:15:00 WIB
Friday
Morning Session: 09:00:00 WIB to 11:30:00 WIB
Afternoon Session: 14:00:00 WIB to 16:15:00 WIB

In Regular Market using the Pre-Opening, Pre-Closing and Post-Trading session which opened every Exchange Day.

1. Pre-Opening Session:
08:45:00 – 08:55:00 WIB The Exchange Members input the buying and selling orders.
08:55:01 – 08:59:59 WIB JATS processes the pre-opening price forming and allocates every done transaction.

2. Pre-Closing and Post-Trading Session:
Pre-Closing
15:50:00 – 16:00:00 WIB The Exchange Members input the buying and selling orders without the bid-ask information displayed.
16:00:01 – 16:04:59 WIB JATS processes the pre-closing price forming and allocates every done transaction.
Post-Trading
16:05:00 – 16:15:00 JATS processes the allocates transaction with closing price.

Trading Hour of Stock Option :

Monday to Thursday
Morning Session: 09:30 to 12:00 WIB, JOTS time
Afternoon Session: 13:30 to 16:00 WIB, JOTS time
Friday
Morning Session: 09:30 to 11:30 WIB, JOTS time
Afternoon Session: 14:00 to 16:00 WIB, JOTS time

Exercise and Automatic Exercise are executed every Exchange Day at 10:00 WIB – 16:15 WIB

Trading Hour of Futures Index :
Monday to Thursday
Morning Session: 09:15 – 12:00 FATS Time
Afternoon Session: 13:30 – 16:15 FATS Time
Friday
Morning Session: 09:15 – 11:30 FATS Time
Afternoon Session: 14:00 – 16:15 FATS Time

Note: Trading hours may be changed during the holy month of Ramadan.

Security Identifiers

ISIN: Yes

Other: None

Instruments

Equities: Ordinary shares, preferred shares, rights and warrants

Debt: Corporate bonds, government bonds

Money Market: Sertifikat Bank Indonesia (SBIs), commercial paper, certificates of deposit

Other: Commodity futures, future contracts, currency and interest rate derivatives

Board Lots

Equities: 500 shares or any multiple thereof

Odd lot: Less than 500 shares

Block: Greater than 200,000 shares

Debt: No set board lots

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