IDX Seeks Cooperation with International Stock Exchanges

Translator

Editor

22 September 2016 07:00 WIB

Indonesia Stock Exchange. TEMPO/Tony Hartawan

TEMPO.CO, Jakarta - The Indonesian Stock Exchange (IDX) announced its plan to work with a number of international stock exchanges to improve liquidity and promote the domestic capital market industry.

"There are possibilities of cooperation with the Kuala Lumpur Stock Exchange (KLSE) and the New York Stock Exchange (NYSE)," IDX president director Tito Sulistio said in Jakarta on Wednesday, September 21, 2016.

Tito explained that the IDX is in communications with the KLSE to discuss cross-border transactions expected to boost the frequency of domestic transactions.

"Basically, we're trying to enable cross-border transactions. We will select ten stocks here [at the IDX] and ten others from the KLSE to be traded in respective countries. We're still discussing the technicalities," Tito added.

However, Tito admitted that the IDX is still hampered with regulations in both countries to implement the idea.

"Indeed, the issue lies on the harmonization of regulations, such as the Law on Limited Company. However, everything is still being discussed," Tito explained.

In relation with cooperation with the NYSE, Tito revealed that the IDX with several companies will conduct a comparative study in the United States on September 24 and 25.

"We're going to the US to learn about cross listing. For instance, we will promote PT Telekomunikasi Indonesia (Telkom) to US investors, because many of them are only allowed to invest in their own country. Therefore, we're going to provide them with the opportunity," Tito said.

ANTARA



JCI Collapses after Jokowi Ministers Inauguration

23 Oktober 2019

JCI Collapses after Jokowi Ministers Inauguration

Throughout the first trading session, the JCI moved between 6,235 and 6,197.


IDX Invites Traveloka to Go Public

10 April 2019

IDX Invites Traveloka to Go Public

The Indonesia Stock Exchange (IDX) said that they have met with Traveloka to invite the unicorn into the capital market.


Boeing Shares Dip again as More Countries Ground 737 MAX 8 Jets

12 Maret 2019

Boeing Shares Dip again as More Countries Ground 737 MAX 8 Jets

Boeing Co's fall in stock market value this week soared past $20 billion on Tuesday.


JCI Weakens over Trade War Fear

8 Maret 2019

JCI Weakens over Trade War Fear

The Jakarta Composite Index (JCI) opened weak this morning, March 8 at the Indonesia Stock Exchange (IDX).


Asia Slips, Euro Hovers at 2-month Peak amid Global Bond Rout

24 Oktober 2018

Asia Slips, Euro Hovers at 2-month Peak amid Global Bond Rout

MSCI`s broadest index of Asia-Pacific shares outside Japan fell 0.4 percent.
Australian shares shed 1.2 percent and South Korea's Kospi also fell.


Index Welcomes New President; Closes Strong

19 Oktober 2018

Index Welcomes New President; Closes Strong

Investors' enthusiasm of a new government helped the domestic
stock market to close strong on yesterday's trade.


Asian Shares Near 2-Month High Ahead of China Data

19 Oktober 2015

Asian Shares Near 2-Month High Ahead of China Data

Asian shares held little changed near two-month highs in early Monday trade,
with investors looking to a range of economic data from China for clues.


China Share Indexes Hit 7-week Highs

16 Oktober 2015

China Share Indexes Hit 7-week Highs

China stocks rose on Friday to seven-week highs, with main indexes registering
their best weekly performance in four-and-a-half months


IDX Calls on House to Simplify SOE Listing Process

15 Oktober 2015

IDX Calls on House to Simplify SOE Listing Process

IDX president director Tito Sulistio called on the House of Representatives to
simplify regulations for state-owned enterprises listed in the IDX.


Foreign Net Buy at Rp2.26tn

15 Oktober 2015

Foreign Net Buy at Rp2.26tn

Last week`s speculations of the Fed Rate hike plan delay
prompted foreign investors to buy in bulks, resulting in a
net buy of Rp2.263 trillion.