JSX and LSE sign pact on technology exchange

JSX and LSE sign pact on technology exchange

JAKARTA (JP): The Jakarta Stock Exchange (JSX) and London
Stock Exchange (LSE) will soon cooperate in fields of information
and technology.

The memorandum of understanding on the cooperation was signed
by Felia Salim, the research and development director of the JSX,
and John Camp, the LSE chairman, in London Tuesday.

Felia said that the cooperation will include exchanges of
staff, technology and information as well as a joint training
program.

An Indonesian capital market mission, including Felia and
Chairman of the Capital Market Supervisory Agency (Bapepam)
Bacelius Ruru, is visiting London as part of its one-week
European tour to promote the Indonesian capital market.

Felia expected that the cooperation agreement would enable the
JSX to learn stock trading expertise from the LSE, one of the
most important stock exchanges in the world.

"The LSE, in return, could get important information from the
JSX," she said of the benefits of the cooperation agreement.

Meanwhile, Ruru said that the British government is assessing
the possibility of expanding bilateral cooperation with
Indonesia.

The British government, for example, expects the Indonesian
government to float shares of state-owned companies on the LSE,
Ruru told Antara following a meeting with Anthony Nelson, the
Economic Secretary of Britain' Treasury.

The Indonesian government is now preparing the initial public
offering of three major state companies including PT Telkom, the
provider of domestic telecommunication services, PT Jasa Marga,
the toll operator, and a subsidiary of the state electricity
company PLN. The three companies will be also listed on
international stock exchanges, following the successful debut of
PT Indosat on the New York Stock Exchange last month. (hen)