Jakarta, CNBC Indonesia – The Indonesia Stock Exchange (IDX) has begun to remove broker codes from running trade starting this Monday (12/6/2021). Thus, investors can no longer see which stock exchange members (AB) are transacting what shares.
A number of market participants gave their responses regarding the implementation of the policy.
Head of Equity Research at BNI Sekuritas Kim Kwie Sjamsudin said the closing of this broker code will have a positive impact on the market. Considering that not many investors rely on broker codes when making transactions.
“When I see the closing of the broker code overall It will have a positive effect on the market because only a small number of investors rely on broker codes for their investments,” Kim told CNBC Indonesia, Monday (6/12/2021).
In line with that, Director of Panin Asset Management Rudiyanto said that in the investment manager, transactions do not depend on buying flows from one broker. But more emphasis on the fundamentals of each issuer.
“The closure may have an impact on investors who use bandarmological analysis or the like who need broker code information,” he said.
The Co-Founder of the Beginner Stock Investor Community (ISP), Frisca Devi Choirina, said the same thing. He assessed that long-term investors were not affected by the closing of this broker code.
The same thing has actually become best practise in the global market so that trading proceeds normally despite the closing of the broker code in running trade done.
“When it comes to removing the broker code, it doesn’t actually have an impact on long-term investors. The point is, whether it exists or not, it really doesn’t matter. Except for traders in Indonesia, it may only have an effect because they are used to reading the market maker’s movements from the code,” said Frisca. .
According to him, the impact of this closure will not be too big on the domestic market. Because, in the first trading session today, the Composite Stock Price Index (JCI) still managed to gain 0.53% this morning.
“This means that the broker code actually does not have a significant impact on the market, only retailers are using it,” he said.
(my / hps)
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