IDX and Liquidity Provider Members Forge Collaboration to Boost Trading Liquidity
The implementation of the Stock Liquidity Provider (LP) serves as a strategic step by the Indonesia Stock Exchange (IDX) to strengthen the quality and liquidity of stock trading, while simultaneously increasing investment attractiveness through more liquid, efficient, and transparent trading.
The President Director of the IDX, Jeffrey Hendrik, stated in early June that this programme is expected to support more efficient trading by providing more consistent buy and sell quotations in the market, facilitated by Stock LPs. This is intended to make transactions easier for investors and support a more optimal price discovery process.
The IDX notes that the response and interest from Brokerage Members (AB) towards the Stock LP programme show positive development. To date, two securities firms have provided Stock LP quotations: PT Phintranteco Sekuritas since 20 April 2026, and PT Mandiri Sekuritas more recently on 4 May 2026.
“The increase in participation from Brokerage Members demonstrates the growing interest of industry players in the Stock LP programme, while representing a shared commitment to supporting the improvement of trading quality and liquidity on the Exchange,” said Jeffrey, as quoted on Tuesday, 7 July 2026.
Moving forward, the IDX hopes that the number of Brokerage Members joining this programme will continue to grow, alongside increasing understanding and the utilisation of the Stock LP scheme in the market.
The initial quotation implementation by Phintraco Sekuritas was carried out for five stocks, namely PT Gudang Garam Tbk (GGRM), PT Pabrik Kertas Tjiwi Kimia Tbk (TKIM), PT Trans Power Marine Tbk (TPMA), PT Asuransi Tugu Pratama Indonesia Tbk (TUGU), and PT Wintermar Offshore Marine Tbk (WINS).
The IDX recorded that in the period one week before and after implementation, these stocks showed an increase in average daily transaction values, with percentage increases ranging between 25.98% and 119.44%. These results demonstrate the potential of Stock LPs to enhance trading activity and market liquidity.
“We observe that Stock LP activities have a positive impact on improving the quality of trading and stock liquidity in the market, which indirectly strengthens investor confidence in the Indonesian capital market,” he added.
The President Director of Phintraco Sekuritas, Ferawati, added that the company’s participation in the Stock LP programme is part of its commitment to playing a more strategic role in developing the quality and depth of the Indonesian capital market.