Indonesia Stock Exchange Implements Stock Liquidity Provider Quotation
PT Indonesia Stock Exchange (BEI) will implement stock Liquidity Provider quotations on Monday, 20 April 2026. BEI’s Director of Trading and Member Regulation, Irvan Susandy, stated that the active participation of exchange members as stock Liquidity Providers is an important element in improving liquidity and the quality of price formation. A stock Liquidity Provider is an Exchange Member that has obtained approval from the exchange and has the obligation to quote certain stocks on the Stock Liquidity Provider Securities list. The aim is to support the creation of liquidity in the trading of those stocks. In the initial stage, the inaugural quotation will be carried out by Phintraco Sekuritas in the form of providing buy and sell orders for five stocks. Those five stocks are 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). According to Irvan, the presence of stock Liquidity Providers plays an important role in improving trading quality through narrowing the bid-ask spread, increasing market depth, and supporting ease of transactions for investors. “We hope this step can encourage increased liquidity, especially for stocks that have the potential to develop more optimally,” he said in an official statement on Monday, 20 April 2026. BEI assesses that the involvement of exchange members will be a key factor in the success of this programme’s implementation. Therefore, BEI continues to encourage broader participation from market players so that this initiative can run optimally. Irvan stated that the success of this inaugural quotation implementation is expected to become a catalyst for other exchange members to participate, thereby making the trading ecosystem more liquid, credible, and competitive. “This step is an effort to strengthen the market structure and increase the attractiveness of Indonesia’s capital market at both regional and global levels,” he said.