Parallel market starts handling odd-lot trading<\/p>\n
JAKARTA (JP): PT Bursa Paralel Indonesia, the company managing
\nthe over-the-counter stock market here, is scheduled today to
\nstart trading odd lots of shares which are listed on the Jakarta
\nStock Exchange (JSX).<\/p>\n
PT Bursa Paralel Indonesia's (BPI) president, Tito Sulistio,
\nsaid Saturday that the odd-lot trading, to be introduced as part
\nof the implementation of the BPI-JSX cooperation agreement signed
\nlast month, is expected to attract more small-scale investors to
\nthe over-the-counter market.<\/p>\n
\"The handling of the odd-lot trading will not only help small-
\nscale investors but also share issuers,\" he said.<\/p>\n
Investors on the JSX, with shares of less than 500, face
\ndifficulties in trading their stocks as most transactions are
\ncarried out in a trading unit of 500 stocks.<\/p>\n
The stock market has, in fact, provided an odd-lot trading
\nboard for them but most brokerage companies are reluctant to
\nhandle them due to the insignificant number.<\/p>\n
Tito said that the handling of the JSX-listed odd-lot share
\ntrading will be no problem to BPI, where transactions are carried
\nout in a trading unit of 100 shares.<\/p>\n
\"It will, instead, help improve the liquidity of JSX-listed
\nshares sold in units of less than 500,\" he said.<\/p>\n
Tito said that the transactions of odd lot shares at BPI will
\nalso be linked to the computer system of the Stock Clearing and
\nSettlement Agency, which handles both the clearing and delivering
\nof shares.(hen)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/parallel-market-starts-handling-odd-lot-trading-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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