- Following the policy of broker-code information removal, the Director of Trading and Membership Regulations at the Indonesian Stock Exchange ("Exchange"), Laksono W. Widodo, has now confirmed that the implementation of this policy during stock-exchange trading hours commencing 6 December 2021 will not reduce the transparency of stock trading within the Indonesian capital market.
- Mr. Widodo has also clarified that, while Exchange members will no longer have real-time access to broker-code information during trading hours, the Exchange will continue to provide information/data on all transactions, including broker codes, at the end of trading hours, which will be accessible to all Exchange members.
- Furthermore, Exchange members may use this data in order to process information on broker codes, which will subsequently be transmitted to investors. It is hoped that this process will ultimately alter investor trading behavior, encouraging investors to utilize both fundamental analyses and technical analyses before they make any investment decisions.
- According to Mr. Widodo, the removal of broker-code information should limit the likelihood of herding occurring and should encourage investors to improve their fundamental analysis skills. As a result, it is projected that stock prices within the capital market will become more realistic.
- Ultimately, through the implementation of this policy, securities companies will be forced to provide their customers with more research on stock fundamentals. (ANT)
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