Tempo Interactive, Monday, 14 December, 2009 | 15:34 WIB
TEMPO Interactive, Solo:The Indonesia Stock Exchange is targeting a fivefold increase on online transactions next year. The present capacity is one million orders for daily transactions. “This is to anticipate additional members who will perform more online transactions,” said Director of Trade and Stock Exchange Member Management, Wan Wei Yiong in Solo, Central Java, on Saturday.
Although they are anticipating an increase, the stock exchange authority will not require securities companies to perform online transactions. The stock exchange authority will only provide facilities to brokers who use them. An average transaction of Rp. 3.75 trillion daily takes place.
According to Wan, the stock exchange authority will prepare a system that will allow a customer to perform an online transaction independently. But securities companies cannot shake off their responsibilities: they are obligated to apply risk management principles and to know their clients. “Brokers cannot shun responsibilities if something out of the ordinary occurs,” he said.
Regulations concerning online transactions are currently being discussed with stock market regulator Bapepam.
famega Syavira
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