Jakarta, CNBC Indonesia – The Indonesia Stock Exchange (IDX) estimates that trading operating hours will begin to return to normal as before the Covid-19 pandemic or until 16.00 WIB at the beginning of next year.
Director of Trading and Exchange Members, Laksono Widodo said, until now, the IDX still enforces trading operating hours until 15.00 WIB considering the Covid-19 pandemic conditions.
IDX will coordinate with the Financial Services Authority (OJK) regarding the possibility that changes in trading closures on the exchange will return to normal as before the pandemic.
“Need to coordinate with OJK regarding when [kembali ke normal], feeling I’m just the beginning of next year, [jam perdagangan] The pandemic condition is still in effect, so we will coordinate with OJK later, can we return it to normal hours,” he told the media crew, Wednesday (11/24/2021).
In addition, the IDX is also in the stage of harmonization regarding restrictions autorejection bottom (ARB) and autorejection top (ARA) which is currently still not symmetrical.
“We need to discuss this internally and with our authorities,” said Laksono.
For information only, even though trading hours are one hour shorter during the pandemic, starting December 6, 2021, the IDX will implement an extension of trading time in the negotiating market for 15 minutes starting at 15.01 to 15.30 WIB.
The adjustment for the extension of trading time in the negotiating market aims to accommodate inputs and needs from market participants such as securities companies and institutional customers who need additional time to make transactions at the end of the day.
Along with these rules, IDX also added new features in the system pre-opening and pre-closing, namely the addition of features Indicative Equilibrium Price (IEP), Indicative Equilibrium Volume (IEV), dan random closing.
This rule aims to encourage the formation of a more reasonable closing price, prevent sharp price movements at closing, reduce the occurrence of manipulation of closing prices, increase transparency in the formation of closing prices and increase the occurrence of transactions in the session. pre-closing. The application of this feature has also been implemented in a number of global stock exchanges.
Second, there are additional features market order. This adjustment will make it easier for investors to place orders at market prices. This regulation also aims to increase the potential for transactions so as to encourage the creation of market liquidity.
(sys/sys)
– .
