IDX Calls IEP And IEV Data Implementation A Support For Transparency For Investors
JAKARTA - PT Bursa Efek Indonesia (IDX) stated that the implementation of the Indicative Equilibrium Price (IEP) and Indicative Equilibrium Volume (IEV) data aims to provide transparency to investors in the Indonesian capital market.
IDX Director of Trade and Member Regulation Irvan Susandy said investors will gain transparency to investors, by displaying an indicative price that will be formed at the end of the blind order book session (pre-opening session, Pre-closing and Periodic Call Auction Effects are Equity on the Special Monitoring Board).
"This makes it easier for investors to execute orders and minimize potential marking the close," said Irvan quoting Antara.
Irvan explained, IEP is information on potential prices that are formed, while the IEV is information on potential accumulation of transaction volume that will be encountered at the price formed (IEP) by the IDX trading system.
"The value of the IEP and IEV is influenced by the size of the number of orders for sale/buy transactions that have the potential to be encountered. If the order of the sale/buy transaction does not yet have the potential to be encountered, then the values of the IEP and IEV also have the potential to not appear during trading hours," said Irvan.
Then, he continued, investors can directly take advantage of the IEP and IEV features in online trading applications belonging to Exchange Members (AB) or selected securities from investors, where IEP and IEV values will appear on online trading applications during Pre-opening, Pre-closing and Periodic Call Special Monitoring Board Auction sessions.
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"IEP and IEV information is generally displayed on the stock order page, which aims to assist investors in making orders from these shares," said Irvan.
Apart from AB's online trading application or securities, he continued, investors can also see IEP and IEV information directly through the IDX Mobile application, where on the IDX Mobile application, IEP and IEV values appear on the detailed page of shares selected by investors and market participants.
"We hope that with a good understanding from market players regarding the IEP and IEV features, it can help the process of executing stock transaction orders and increasing the transaction activities of market players on the IDX," said Irvan.