IDX Implements Stock Liquidity Provider Quotation, Making Investor Transaction Costs More Efficient

JAKARTA - PT Bursa Efek Indonesia (IDX) has officially begun implementing stock liquidity provider quotations as part of efforts to strengthen liquidity and trading efficiency in the Indonesian capital market. In simple terms, a liquidity provider is responsible for ensuring continuous buying and selling activity in the market. This implementation was marked by the inaugural quotation execution by Phintraco Sekuritas today, Monday (20/4/2026). At this initial stage, Phintraco Sekuritas is providing quotations in the form of buy and sell orders for 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 bid-ask spread is the difference between the lowest selling price and the highest buying price. The Liquidity Provider will narrow this spread between the lowest selling price and the highest buying price, thereby making investor transaction costs more efficient. “IDX appreciates Phintraco Sekuritas’s commitment to supporting the stock Liquidity Provider programme. We hope this step will encourage improved liquidity, particularly for stocks with potential for more optimal development,” he stated in an official release on Monday (20/4/2026). IDX views the involvement of exchange members as a key factor in the success of this programme’s implementation. Therefore, IDX continues to encourage wider participation from market participants so that this initiative can run optimally. “This also demonstrates IDX’s commitment to continuously deepening the market,” explained Irvan. IDX will conduct ongoing evaluations, provide incentives, and continue to encourage active participation from all exchange members in the stock liquidity provider programme. “This step is an effort to strengthen market structure and enhance the attractiveness of the Indonesian capital market at both regional and global levels,” he concluded. This aims to increase liquidity, price efficiency, and transaction activity in the stock market. The programme targets stocks with low liquidity or those needing improved trading to make them more efficient.