Securities trading - Indonesia
Key market-tradable securities
|Place of settlement||Form|
|IDR||Various||Fixed rate, floating||Various||KSEI||Physical/book-entry|
|Ordinary shares / Preference shares|
|Sertifikat Bank Indonesia (SBI) a|
|IDR||1, 3, 6, 9,|
a. These securities are money market instruments that exist in both traditional and sharia-compliant forms.
Jakarta Stock Exchange Automated Trading System (JATS)
JATS has been retained by the IDX following the merger between the Jakarta and Surabaya Stock Exchanges. It facilitates order input and provides opening price information and order matching and trade confirmation. Orders are matched first by price priority and then by time priority. Upon execution of a trade, JATS generates a trade confirmation online.
Board lots and odd lots
Board lots (of 100 shares) are traded in the regular market. Depending on the tradable lot, amounts with denominations less than 100 shares may also be traded in the regular market as long as they total lots of 100 shares.
Lots of less than 100 shares (odd lots) can be traded in the negotiated market as long as there is an interested counterparty.
Block trades are permitted for transactions with a minimum quantity usually set by the broker. Prices are based on rates in the regular market.