Jakarta, CNBC Indonesia – The Indonesia Stock Exchange (IDX) responded to the return of the Exchange Member Approval Letters (SPAB) of 11 securities companies since 2018. Meanwhile, in the last three years, four foreign securities have left Indonesia.
Director of Trade and Exchange Members, Laksono Widodo, assessed that the phenomenon of SPAB returns is because currently the securities business in Indonesia is still attractive but requires a large amount of commitment and capital due to automation and the need for online business.
“Competition is increasing with the development of increasingly dominant technology,” said Laksono to the media crew, Friday (22/10/2021).
Laksono added that one of the IDX’s strategies is to provide assistance both in terms of organizing socialization and education to investors and capital market stakeholders as well as in the form of subsidies and other assistance to securities companies.
He also mentioned that the number of investors will always change and currently there is the first regional securities company in Indonesia whose role is similar to that of an Exchange Member (AB).
“The number of investors with securities will continue to change according to market needs and technology needs. Don’t forget there is also a Regional Securities Company (PED) which incidentally is similar to AB. The newly established PED is Bank Jabar Sekuritas,” he added.
As is known, recently, PT Batavia Prosperindo Sekuritas will return the Exchange Member Approval Letter (SPAB) to the Indonesia Stock Exchange (IDX), so that it no longer has a license to provide securities trading services (stock brokerage).
Meanwhile, the SPAB belonging to this BZ coded stock broker is numbered SPAB-220/JATS/BEI.ANG/08-2020 with an issue date of August 24, 2020.
The departure of this broker has increased the number of securities companies that have already left the domestic stock market. Previously, there were PT Merrill Lynch Sekuritas Indonesia (MLSI), PT Deutsche Sekuritas Indonesia (from Germany) and PT Nomura Sekuritas Indonesia (from Japan). There is also a security whose SPAB has been revoked, namely PT Kresna Sekuritas which is effective July 28, 2021.
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