SSE to open more trading galleries<\/p>\n
JAKARTA (JP): The Surabaya Stock Exchange (SSE) plans to open
\nstock trading galleries in all Indonesia's provinces to rack up
\nmore retail investors.<\/p>\n
Yesterday, H.T. Helmy Azwari, an SSE director, said in
\nSurabaya, East Java, that the SSE is currently sounding out
\npossibilities of opening trading galleries in Semarang and
\nSurakarta, both in Central Java, Bali's capital city Denpasar,
\nand Ujungpandang in South Sulawesi.<\/p>\n
Helmy explained that the SSE needs at least Rp 94 million
\n(US$41,400) to open one trading gallery, which includes the
\ninstallation of telecommunications facilities.<\/p>\n
He was quoted by Antara as saying that trading galleries
\nprovide not only information on listed stocks and bonds but also
\ntrading facilities. Shares traded at galleries are in lots of 500
\nstocks and less.<\/p>\n
Currently, the SSE has two trading galleries, one at the
\noffice of Bank Danamon Securities and the other at Roxy Mas, both
\nin Jakarta. The two trading outlets were previously operated by
\nthe defunct over-the-counter stock market, the Indonesian
\nParallel Bourse, which was acquired by the SSE few a months ago.<\/p>\n
Following the acquisition of the parallel bourse by SSE,
\nMarzuki Usman, chief commissioner of the Jakarta Stock Exchange
\n(JSX), said that the JSX planned to acquire SSE early next year
\nto create a single, effective and efficient Indonesian stock
\nexchange. (rid)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/sse-to-open-more-trading-galleries-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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