Ficoritas opens gallery

Ficoritas opens gallery

JAKARTA (JP): PT Ficor Sekuritas Indonesian (Ficoritas), a
member of the Jakarta Stock Exchange (JSX), signed an agreement
yesterday with PT Bepede Jateng Sekuritas to strengthen
cooperation between the two companies.

Under the agreement, Bepede Jateng, which does not have a seat
on the JSX, will be allowed to trade on the exchange through
Ficoritas.

"It's in line with our efforts to increase our domestic
investor base," Ficoritas' president, Mulyana Muiz, told
journalists.

After the signing ceremony, the chairman of the Capital Market
Supervisory Agency (Bapepam), I Putu Gede Ary Suta, launched the
operation of Ficoritas' trading gallery which is located in the
JSX building.

The establishment of the trading gallery, according Mulyana,
is designed to help Ficoritas customers, particularly retail
investors, get real time information about trading activities on
the JSX.

"Based on such information, investors are also allowed to buy
or sell securities immediately at the gallery because we also
employ customer service officials to handle customers' orders,"
he added.

JSX members can set up their own branches in other cities. The
JSX has also established three stock market outlets in Medan of
North Sumatra, Bandung in West Java and Semarang in Central Java,
which can be used by its members.

However, Mulyana argued that it is too expensive to send his
own people to work at the outlets.

Ficoritas is 100 percent owned by publicly-listed Ficorinvest
Bank while Bepede Jateng Sekuritas is owned by the Central Java
regional development bank. (08)