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)