Phintraco Sekuritas Approved as Stock Liquidity Provider at IDX
Jakarta. Phintraco Sekuritas became the first stock exchange member to obtain a stock liquidity provider license from the Indonesia Stock Exchange (IDX).
"Parties eligible to become stock liquidity providers are exchange members who have met the criteria set out in Exchange Regulation Number III-Q," Irvan Susandy, the director of trading and member regulation at IDX, was quoted as saying in a press statement.
Some of the criterias include that the member's status is not currently suspended. The member has a minimum adjusted net working capital of Rp 100 billion, as well as a standard operating procedure for internal policies. They must also have a system for submitting stock liquidity provider quotations.
The new status allows Phintraco Sekuritas to play a strategic role for investors, namely ensuring liquidity in the market. For listed companies, they can also ensure the stock price discovery process can be carried out in accordance with enterprise value.
Stock liquidity providers also enjoy three incentive alternatives, namely transaction fee reduction option, a monthly cash incentive option, and the option to select more quoted stocks. These incentives will take into account the fulfillment of daily obligations by the stock liquidity providers.
"We hope that the stock liquidity provider can improve market depth and quality, particularly in establishing more reasonable stock prices, and reduce the bid-ask spread for stocks with low liquidity," he added.
Phintraco Sekuritas president director Ferawati said that her company was ready to take on the new role in terms of infrastructure and human capital.
"The presence of stock liquidity providers encourages more stable trading and increased transaction volume, thereby making the Indonesian capital market healthier, more competitive, and more attractive to both retail and institutional investors," Fera said.
The company is currently exploring with several potential listed companies to participate in the stock liquidity provider program. Phintraco Sekuritas has begun contacting investor relations representatives of listed companies, particularly those on the stock liquidity provider list with sound fundamentals but limited liquidity. It is also following up on interest from several listed companies not on the list.
"We hope that the presence of stock liquidity providers will increase the liquidity and depth of the Indonesian stock market, resulting in more efficient transactions and stock prices reflecting fair value," Fera said.
as a preferred
Related Articles
Indonesian Stocks Rally 4.9%, but Foreign Investors Keep Selling
Indonesia’s JCI rose 4.9% last week, but foreign selling and MSCI downgrade risks continue to cloud the market outlook.
Jakarta Stocks Open Higher, Investors Await BI Rate Decision
Indonesian stocks rose 0.62% at the open as investors awaited Bank Indonesia’s rate decision amid inflation and rupiah pressures.
Strong Fundamentals, Fragile Trust
Markets can live with strict rules. What they struggle to accept is uncertainty about the rules that come next.
MSCI Warning Raises Existential Questions for Indonesia's Stock Market, Economist Says
MSCI's downgrade threat tests Indonesia's market credibility, with an economist urging reforms to restore investor trust.
OJK Flags 19 Stocks for High Ownership Concentration
OJK flags 19 stocks for high ownership concentration and will step up scrutiny of actively traded shares over manipulation risks.
OJK: Stocks Once Stuck at Rp 50 Are Finding New Market Prices
OJK says stocks once stuck at Rp 50 are finding new equilibrium prices and liquidity after Indonesia lowered the trading floor to Rp 1.
GOTO Could Hit Rp 1 in 19 Trading Days If Daily Selloff Continues: Analyst
GOTO plunged another 13.5% on Wednesday to Rp 32, hitting the lower auto-rejection limit for a third consecutive session.
IDX Removes Rp 50 Stock Price Floor, Sets New Minimum at Rp 1
IDX is lowering its minimum share price from Rp 50 to Rp 1, allowing low-priced stocks greater room to reflect market supply and demand.
Indonesia Finalizes Rules for Stock Exchange Demutualization
OJK expects to issue IDX demutualization rules this month, paving the way for broader ownership of Indonesia’s stock exchange.
IDX Partners with Alpaca to Expand Indonesian Investors’ Access to Global Markets
IDX is preparing Alpaca connectivity that could allow Indonesian brokerages to offer clients regulated access to overseas financial markets.The Latest
Ye Concert, Other Events to Draw 130,000 to GBK, Here’s What to Know
Around 130,000 visitors are expected at Jakarta’s GBK on Saturday as Ye’s concert and several major events take place.
Indonesia Allocates Rp 722 Billion for Year-End Flight Ticket Tax Relief
Indonesia allocates Rp 722 billion to cover domestic flight ticket VAT during the 2026/2027 Christmas and New Year holidays.
Greece Floats Shipbuilding Partnership with Indonesia
Greece says that it possesses “extensive expertise” as it woos Indonesia in shipbuilding partnership.
Indonesian Stocks Rally 4.9%, but Foreign Investors Keep Selling
Indonesia’s JCI rose 4.9% last week, but foreign selling and MSCI downgrade risks continue to cloud the market outlook.
Ye Concert in Jakarta to Deploy 2,000 Security Personnel
More than 2,000 personnel will secure Ye’s Jakarta concert on Saturday, as organizers urge fans to use public transport.Most Popular
