IDX and Liquidity Provider Members Forge Collaboration to Boost Trading Liquidity

The implementation of the Equity Liquidity Provider (LP) programme is a strategic step by the Indonesia Stock Exchange (IDX) to strengthen the quality and liquidity of stock trading while increasing investment appeal through more liquid, efficient, and transparent trading. IDX President Director Jeffrey Hendrik stated in early June that the programme is expected to support more efficient trading by providing more consistent buy and sell quotations in the market, carried out by Equity LPs. This aims to facilitate investors in transacting and support a more optimal price formation process. The IDX assesses that the response and interest from Exchange Members (AB) in the Equity LP programme have shown positive developments. To date, two securities firms have conducted Equity LP quotations, namely PT Phintraco Sekuritas since 20 April 2026 and PT Mandiri Sekuritas recently on 4 May 2026. Jeffrey Hendrik noted that the addition of participating Exchange Members indicates growing industry interest in the Equity LP programme, as well as a shared commitment to supporting improvements in trading quality and liquidity on the Exchange. Going forward, the IDX hopes the number of Exchange Members joining the programme will continue to grow, in line with increased understanding and utilisation of the Equity LP scheme in the market. The inaugural quotation execution by Phintraco Sekuritas involved five stocks: 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 one-week period before and after implementation, these stocks showed an increase in the average daily transaction value, with percentage rises ranging between 25.98 and 119.44 percent. These results demonstrate the potential of Equity LPs to boost trading activity and market liquidity. Jeffrey Hendrik remarked that the Equity LP activities have had a positive impact on improving trading quality and stock liquidity in the market, which indirectly strengthens investor confidence in the Indonesian capital market. Phintraco Sekuritas President Director Ferawati added that the company’s participation in the Equity LP programme is part of its commitment to take a more strategic role in developing the quality and deepening of the Indonesian capital market.