Remote trading on JSX reaches Rp 4.9t<\/p>\n
The Jakarta Post, Jakarta<\/p>\n
One year after its commencement, the value of share transactions
\nthrough remote trading on the Jakarta Stock Exchange (JSX) has
\nreached Rp 4.9 trillion (about US$563 million).<\/p>\n
A press release issued by the JSX on Wednesday said there were
\nsome 525,241 orders and a transaction volume of 7.9 billion
\nshares.<\/p>\n
The release also said that share trading through the remote
\nsystem in the third week of this month reached Rp 231 billion
\nwith a transaction volume of 457 billion shares.<\/p>\n
During the week, PT Trimegah Securities was announced as the
\nmost active brokerage making transaction with 2,724 transactions,
\nwhile the highest transaction value was recorded by PT Ciptadana
\nSekuritas at Rp 67 billion.<\/p>\n
Remote trading is a long distance trading system that can be
\naccessed by JSX members, under which any transaction order can
\nautomatically be entered into JSX's automated trading system, or
\nJATS, without having to enter orders through the trading floor.<\/p>\n
Remote trading, which was first launched on March 28, 2002, is
\nfacilitated by the JSX using the host-to-host order system where
\nthe JSX facilitates the interface application for its members.<\/p>\n
The launching of remote trading was aimed at preventing
\nbottlenecks arising on the manually-operated trading floor which
\ncould slow down the transaction process as the floor has
\nlimitations in receiving large volume orders.<\/p>\n
The entry of an order from sales to the floor trader using the
\nmanual system took about 15 seconds, but with the remote trading
\nfacility the process can be shortened to less than 8 seconds.<\/p>\n
Remote trading was also designed to limit human error during
\norder entry on the trading floor as the executing message from
\ninvestor to the floor was still received through a phone call
\nwhich was often unclear.<\/p>\n
The difference between remote trading and online trading is in
\nthe process of inputting the order. In remote trading, the input
\nprocess can only be done through a computer located in the
\nmember's office.<\/p>\n
While in online trading, members input an order through
\nvarious technological gadgets such as the Internet, mobile phones
\nand automatic teller machines. However, in an online trading, the
\nmember must develop its own system and interface to enable
\nincreased service for its clients.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/remote-trading-on-jsx-reaches-rp-49t-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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