Trading gallery opened at Roxymas
Trading gallery opened at Roxymas
JAKARTA (JP): PT Bursa Paralel Indonesia, the operator of the
over-the-counter stock market, opened yesterday its first trading
gallery on the Roxymas shopping center to promote the retail
trading of stocks.
The gallery, named Warung Pasar Modal which literally means
capital market shop, was officially opened by Chairman of the
Capital Market Supervisory Agency Bacelius Ruru.
Bursa Paralel's president, Tito Sulistio, said that the stock
market gallery provided not only information of listed stocks and
bonds but also trading facilities.
"The establishment of the gallery is another approach to
socialize the capital market activities," he told reporters
following the opening of the trading facilities.
He said that the trading facilities at the gallery are linked
to computers of the bourse's members to enable users to make
direct transactions.
Tito said brokerage companies which will handle transactions
at the gallery included PT Sinarmas Ekagraha, PT Harumdana
Securities, PT Philindo, PT Argha Artha Securities and PT Kosa
Securities.
Shares which are available at the gallery include odd-lot
stock companies listed on the Jakarta Stock Exchanges (JSX) such
as those of Astra International, Barito Pacific, Bank Dagang
Nasional Indonesia, Indah Kiat, Tjiwi Kimia, Prodenta, Lippobank,
Sekar Bumi, Metrodata and Jafpa.
Bursa Paralel recently took over the odd-lot trading of the
JSX to facilitate retail trading activities.
Shares on the JSX are traded in lots of 500 stocks. The
bourse, had, in fact, opened an odd-lot trading board specially
designed for the transactions of stocks of less than 500 in
number but many brokerage companies were often reluctant to carry
out such a deal due to a low commission.
Sulistio said that the trading of stocks at the gallery was
made in lots of 100 shares to facilitate small-scale investors.
He said that the opening of the gallery had no relation to the
planned merger of Bursa Paralel with the Surabaya Stock
Exchange.(hen)