JSX to open 200 remote trading terminals
JSX to open 200 remote trading terminals
JAKARTA (JP): The Jakarta Stock Exchange (JSX) plans to
install 200 computer terminals at the offices of securities firms
in Greater Jakarta and Bandung, West Java, for remote trading
activities.
JSX's trading director Mas Achmad Daniri said here over the
weekend that JSX is offering to open trading galleries at
securities offices where JSX can install computer terminals.
He promised that JSX will give incentives to securities firms
which open branches either outside the city or in the city.
"We will waive all fees during the first year of operation for
those who open trading galleries in Greater Jakarta and during
the first two years for those who open galleries outside the
city," Daniri was quoted by Bisnis Indonesia as saying on
Saturday.
Currently, JSX has installed 416 computer terminals on its
trading floor in the Sudirman Central Business District.
JSX president Hasan Zein Machmud said recently that the remote
trading facilities are meant to net as many domestic investors as
possible so that JSX will have a stronger base of local
investors.
Currently domestic investors have been the main concern in
developing local stock markets because their transactions
represent only 30 percent of total trading activities.
Felia Salim, another director at JSX, explained last week that
to net more domestic investors, JSX must first educate the public
about investing money on stock exchanges.
She explained that before conducting remote trading, JSX plans
to open stock market information centers in cities outside
Jakarta and more especially outside Java. Currently JSX has such
a center in Medan, North Sumatra.
"By establishing such stock market information centers, we
hope that the people around the centers will be well-informed
about stock markets and then become potential investors," Felia
said. "Only then, should we install remote trading facilities."
JSX plans to launch its remote trading in March next year.
Remote trading is made possible by the automation of the trading
system at JSX. The new system commenced use last May and was
dedicated by President Soeharto early this month. (rid)