ID :
48641
Tue, 03/03/2009 - 10:55
Auther :
Shortlink :
https://www.oananews.org//node/48641
The shortlink copeid
INDONESIA STOCK EXCHANGE LAUNCHES NEW TRADING SYSTEM
Jakarta, March 2 (ANTARA) - The Indonesia Stock Exchange launched a new trading system called Jakarta Automatic Trading System Next G here on Monday.
The JATS Next G was fully operational starting Monday. "Thank God the system is operating well. Since the start of trading we have already changed fully," JSE president director Erry Firmansyah said.
He said the initial JATS Next G already took Rp41 billion out of total allocations of Rp75 billion. He said the system had been developed by the exchange authorities in cooperation with OMZ Nasdaq vendor for the past two years.
"The JSE's biggest hope is that it could increase capacity three fold. The new system could accomodate one million orders and 500,000 transactions per day rising from formerly 300,000 orders and 200 transactions," he said.
Erry said the JATS Next G had also been used in other countries such as Singapore, Hong Kong, Switzerland, Colombia and Britain.
He said he would first operate the system for equity trading and later after it stabilized for other products as well such as derivatives and fixed income securities. "The system is applicable for multi-products including equities, derivatives and fixed income securities," he said.
Initial trading using the new system was participated in by 114 of 119 registered exchange members. Two members that did not participate have had their share trading suspended while another member's share trading was not active.
The JATS Next G was fully operational starting Monday. "Thank God the system is operating well. Since the start of trading we have already changed fully," JSE president director Erry Firmansyah said.
He said the initial JATS Next G already took Rp41 billion out of total allocations of Rp75 billion. He said the system had been developed by the exchange authorities in cooperation with OMZ Nasdaq vendor for the past two years.
"The JSE's biggest hope is that it could increase capacity three fold. The new system could accomodate one million orders and 500,000 transactions per day rising from formerly 300,000 orders and 200 transactions," he said.
Erry said the JATS Next G had also been used in other countries such as Singapore, Hong Kong, Switzerland, Colombia and Britain.
He said he would first operate the system for equity trading and later after it stabilized for other products as well such as derivatives and fixed income securities. "The system is applicable for multi-products including equities, derivatives and fixed income securities," he said.
Initial trading using the new system was participated in by 114 of 119 registered exchange members. Two members that did not participate have had their share trading suspended while another member's share trading was not active.
