JSX delays trading move<\/p>\n
JAKARTA (JP): The relocation of Jakarta Stock Exchange (JSX)
\ntrading activities to a new building, originally scheduled for
\nMonday, has been delayed until next month.<\/p>\n
The JSX authority gave no official statement about the delay.
\nA source has said, however, that the delay is related to the
\nfully automated trading system, which is still not working
\nproperly. \"The new system is being tested as there are still a
\nnumber of technical errors,\" he said.<\/p>\n
The JSX authority planned to move its trading section to the
\nnew building on Jl. Sudirman on Monday, with the other sections
\nto follow in August.<\/p>\n
The Capital Market Supervisory Agency (Bapepam) has already
\nmoved into the new building, which is part of the Sudirman
\nCentral Business District.<\/p>\n
The JSX's new trading system has a capacity of handling 50,000
\ntransactions per day and for carrying out 40,000 buy and sell
\norders per hour, while the present manual system is only capable
\nof handling 3,800 transactions per day, said Achmad Daniri, the
\ndirector for transactions.<\/p>\n
Daniri said that the exchange will maintain its trading floor,
\ndespite the problematic automated trading system, to secure the
\ncontinuity of trading. The trading system, which uses Hewlett
\nPackard (HP) 9000 computer hardware and Automated Securities
\nTrading System (ASTS) software, will eventually be linked to the
\ncomputer system of PT KDEI, a company which handles the clearing,
\nsettlement and depository service of the stock market. (hen)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/jsx-delays-trading-move-1447893297",
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"sponsor": "Okusi Associates",
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