{
    "success": true,
    "data": {
        "id": 1638792,
        "msgid": "idx-to-evaluate-fca-signal-of-relaxed-rules-for-volatile-stocks-1774612286",
        "date": "2026-03-27 17:57:00",
        "title": "IDX to Evaluate FCA, Signal of Relaxed Rules for Volatile Stocks?",
        "author": "Sakina Rakhma Diah Setiawan",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Regulation",
        "summary": "The Indonesia Stock Exchange (IDX) plans to review its Full Call Auction (FCA) system for special monitoring boards by the second quarter of 2026, following the approval of market reforms by MSCI. Acting IDX CEO Jeffrey Hendrik explained that the FCA was introduced to protect investors from price manipulation in low-liquidity, weak-fundamental stocks, but if its objectives can now be met through other mechanisms, a shift back to continuous auction trading may be appropriate. This evaluation underscores IDX's ongoing commitment to periodic policy reviews to ensure fair market conditions.",
        "content": "<p>JAKARTA, KOMPAS.com - PT Bursa Efek Indonesia (IDX) is opening the\npossibility of reviewing the stock trading mechanism by evaluating the\nspecial monitoring board system or Full Call Auction (FCA) in the second\nquarter of 2026. This plan is part of the follow-up actions by IDX after\nall capital market reform proposals were approved by Morgan Stanley\nCapital International (MSCI). Acting CEO of IDX, Jeffrey Hendrik, stated\nthat the special monitoring board was created as a mechanism to protect\ninvestors from potential price manipulation in stocks with low liquidity\nand weak fundamentals. Therefore, the Indonesia Stock Exchange\nimplemented this system as a supervisory measure to limit unusual\nmovements and ensure prices reflect fairer market conditions. \u201cThe\nspecial monitoring board at that time was made to provide stewardship or\nprotection to investors from attempts by certain parties to \u2018manipulate\nprices\u2019 on stocks with low liquidity, stocks with not very good\nfundamentals,\u201d said Jeffrey at the IDX Building in South Jakarta on\nFriday (27\/3\/2026). \u201cAt that time, the solution we had was the special\nmonitoring board,\u201d he explained. IDX also reaffirmed its commitment to\ncontinuously evaluating policies on a regular basis. If the initial\nobjectives of implementing the system can already be fulfilled through\nother mechanisms, then it is time to review the existence of the special\nmonitoring board. \u201cWell, if indeed some of the objectives of the special\nmonitoring board can already be fulfilled with the activities we\nmentioned earlier, then it is indeed time for us to review the special\nmonitoring board,\u201d explained Jeffrey. \u201cIt feels like it\u2019s no longer\nnecessary on the special monitoring board. That means we will direct\nmore back to continuous auction,\u201d he continued.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/idx-to-evaluate-fca-signal-of-relaxed-rules-for-volatile-stocks-1774612286",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}