1. Trading Process in the Stock Exchange

2. Trading Process

3. Trading Hours

4. Terms of Price Change (Fraction)

1. Stock Option Contracts

1. Main Share Requirements

   • Listed on the Exchange for at least 12 months

   • Transactions in the last 12 months show:

     • Transaction frequency per month >= 2,000

     • Intraday volatility > 0.5%

     • Share price > IDR 500,-

     • Market capitalization > IDR 500 billion

      

2. General Provisions

   • Execution of trading using the JOTS facility.

   • Can only be done by exchange stock member who has become AK KPEI Stock Option

   • Exchange stock member must first deposit collateral (KPEI Regulations)

   • Exchange stock member is required to open a Stock Option account for each customer

   • Exchange stock member is subject to mandatory suspension:

     • Perform Offsetting Transactions

     • Transferring the open position to another exchange stock member in accordance with KPEI regulations

     • Exchange stock member suspended can exercise on the same Exchange Day as the suspension is imposedensi

      

3. Trading Hours

   Derivative Trading Hours - Futures Contracts

   Monday to Friday	Session I 09:30:00 - 11:30:00 JATS Time
   	Session II  13:30:00 - 15:00:00 JATS Time

   For series contracts that expire, trading will end in session II at 15:00:00 JATS time.
   
   Derivative Trading Hours - Option Contracts
   

   Monday to Friday	Session I 09:30:00 - 11:30:00 JATS Time
   	Session II  13:30:00 - 15:00:00 JATS Time

   For series contracts that expire, trading will end in session II at 15:00:00 JOTS time.

4. Weighted Moving Average (WMA)

   • WMA is published every 15 minutes using the previous 30 minutes transaction data

   • WMA publishing schedule:

     Monday to Thursday	Session I 10:00 - 12:00 JOTS Time
     	Session II 13:45 - 16:00 JOTS Time
     Friday	Session I 10:00 - 11:30 JOTS Time
     	Session II 14:15 - 16:00 JOTS Time

      

5. Customer Orders

   • Every order must be recorded in the marketing department including the type of transaction (Short/Long), and the status of the order position (open/close)

   • Order form: Open Short, Open Long, Close Short, Close Long

   • Trading Units & Premium Fractions

   • Trading Unit 1 KOS = 10,000 Stock Options

   • Premium Fraction IDR 1,-

2. Index Futures Contracts

1. Parent Share Requirements

   • Listed on the Exchange for at least 3 months

   • Transaction activity in the regular market, namely value, volume and frequency of transactions

   • Number of trading days in the regular market

   • Market capitalization at a given time period

   • Apart from considering the liquidity criteria and market capitalization mentioned above, the company's financial condition and growth prospects will also be considered

2. General Provisions

   • Execution of trading using the FATS facility

   • Continuous Auction trading

   • Matching using Price & Time Priority

   • Using Initial Margin (Initial Margin) to guarantee transactions

3. Trading Hours

   Monday to Thursday	Session I 09:15 - 12:00 FATS Time
   	Session II 13:30 - 16:15 FATS Time
   Friday	Session I 09:15 - 11:30 FATS Time
   	Session II 14:00 - 16:15 FATS Time

4. Customer Orders

   •  Exchange Members can only carry out KBIE opening and trading orders for customers who already have KBIE accounts

   • The KBIE Account must contain the customer's rights and obligations with the Exchange Member, including the customer's obligation to provide Initial Margin 

   • Orders that can be executed at the Exchange by Exchange Members are only limited orders (limit orders), namely orders executed by Exchange Members up to the price limit set by their customers

   • Every instruction on selling and or buying orders must be recorded in the marketing department which contains data on time and order number, customer identity, customer account number, order quantity, KBIE name (or code), KBIE price, type of transaction (Short/Long ), and order position status (Open/Close), before entering FATS

   • Forms of orders in KBIE trading on the Exchange consist of:

     • Order Short yaitu terdiri dari Open Short dan Close Short;

     • Order Long yaitu terdiri dari Open Long dan Close Long;

   • Exchange Members are not allowed to make transactions outside the Exchange either in the interests of customers or their own interests in KBIE