JSX to open 200 remote trading terminals<\/p>\n
JAKARTA (JP): The Jakarta Stock Exchange (JSX) plans to
\ninstall 200 computer terminals at the offices of securities firms
\nin Greater Jakarta and Bandung, West Java, for remote trading
\nactivities.<\/p>\n
JSX's trading director Mas Achmad Daniri said here over the
\nweekend that JSX is offering to open trading galleries at
\nsecurities offices where JSX can install computer terminals.<\/p>\n
He promised that JSX will give incentives to securities firms
\nwhich open branches either outside the city or in the city.<\/p>\n
\"We will waive all fees during the first year of operation for
\nthose who open trading galleries in Greater Jakarta and during
\nthe first two years for those who open galleries outside the
\ncity,\" Daniri was quoted by Bisnis Indonesia as saying on
\nSaturday.<\/p>\n
Currently, JSX has installed 416 computer terminals on its
\ntrading floor in the Sudirman Central Business District.<\/p>\n
JSX president Hasan Zein Machmud said recently that the remote
\ntrading facilities are meant to net as many domestic investors as
\npossible so that JSX will have a stronger base of local
\ninvestors.<\/p>\n
Currently domestic investors have been the main concern in
\ndeveloping local stock markets because their transactions
\nrepresent only 30 percent of total trading activities.<\/p>\n
Felia Salim, another director at JSX, explained last week that
\nto net more domestic investors, JSX must first educate the public
\nabout investing money on stock exchanges.<\/p>\n
She explained that before conducting remote trading, JSX plans
\nto open stock market information centers in cities outside
\nJakarta and more especially outside Java. Currently JSX has such
\na center in Medan, North Sumatra.<\/p>\n
\"By establishing such stock market information centers, we
\nhope that the people around the centers will be well-informed
\nabout stock markets and then become potential investors,\" Felia
\nsaid. \"Only then, should we install remote trading facilities.\"<\/p>\n
JSX plans to launch its remote trading in March next year.
\nRemote trading is made possible by the automation of the trading
\nsystem at JSX. The new system commenced use last May and was
\ndedicated by President Soeharto early this month. (rid)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/jsx-to-open-200-remote-trading-terminals-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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