IDX Focuses On Developing The Infrastructures Of Its System and Technology
The shareholders of the Indonesia Stock Exchange approved the Company’s 2009 Annual Report and legitimized the Financial Report for the year ended on December 31, 2009 at the Annual General Meeting of Shareholders (AGMS) of Indonesia Stock Exchange held June 3.
IDX booked a new record of net income in 2009 when it gained IDR 343.5 billion, even though its operating revenues which comes from equity trading has declined due to a 8.78% decrease of daily average trading value from IDR 4.44 trillion in 2008 to 4.05 trillion in 2009. The decline was influenced by the economic crisis that reached its climax at the last quarter of 2008.
In the AGMS, President Director of IDX Mr. Ito Warsito mentioned some development steps taken by the Company, which include the development of market, exchange members, issuers, system and technology, and human resources. “IDX will continuously improve the foundation for capital market development in Indonesia by focusing on the development of system and technology infrastructures, market capitalization and market liquidity by increasing the number of local investors. For that reason, IDX will also need to improve its members’ ability to mutually achieve the medium-range targets,” said Ito.
IDX will constantly improve its development programs for members to increase their standard of operations and customer services so that investors will feel more comfortable and secure to invest in the capital markets. IDX provides IDR 55.1 billion per year for the continuous infrastructure development of the members and IDR 8.78 billion to improve the risk management of members. President Director Ito Warsito said, “IDX emphasizes on the development of members and positioned itself as partner to its members. However, it will not hold itself from taking strict actions such as imposing sanctions on members who have violated market and investors’ trust. In 2009, we suspended PT Optima Kharya Capital Securities due to an indication of using its investors’ fund.”
The AGMS of Indonesia Stock Exchange for year 2010 was held at the Dharmawangsa Hotel and was attended by 113 shareholders (or 97.41% of the total shareholders with voting rights).