Strengthen Transparency, BEI Officially Applies Non-Cancellation Period

JAKARTA - PT Bursa Efek Indonesia (BEI) officially started implementing the Non-Cancellation Period which is effective Monday, December 15.

This policy is applied to the Pre-Opening Session (Pre-Opening) and Pre-Closing Session (Pre-Closing), as part of efforts to strengthen the process of forming more reasonable and transparent stock prices, and is one of the best practices on other exchanges in the region.

The Non-Cancellation Period is a certain period in the Pre-opening Session and Pre-Closing Session that allows orders that have been entered to not be changed and/or canceled, but new buy or sell order inputs can still be made.

The Non-Cancellation Period policy is implemented based on Regulation Number II-A concerning Equity-type Securities Trading which has been implemented on April 8, 2025.

Director of Development of the Indonesia Stock Exchange Jeffrey Hendrik explained that the implementation of the Non-Cancellation Period is an effort by the Indonesia Stock Exchange to maintain the quality of transactions in the capital market.

"The implementation of the Non-Cancellation Period aims to minimize the potential for spoofing or manipulation of orders during critical hours, especially before the opening and closing of trading," he said in a statement, December 15.

He added that the implementation of the Non-Cancellation Period provides more protection to investors, so that the process of forming prices can be more credible, reasonable and transparent.

Jeffrey said the IDX had also carried out a series of tests and technical preparations with local and foreign Exchange Members and Exchange Licensees before implementing the policy.

In addition, he said that the IDX has also carried out parallel socialization to increase awareness and collaborated with Exchange Members to convey information related to the implementation of the Non-Cancellation Period to their respective customers.

According to him, this step was taken to ensure that this implementation could take place optimally, and that trading operations at each Exchange Member could run smoothly.

English:

English:

Jeffrey said the Non-Cancellation Period is one of the strategic programs of the IDX in 2025 in an effort to provide more protection for investors.

According to him, with this implementation, the IDX hopes to improve the quality, transparency, and integrity of price formation.

"We also hope that the Non Cancellation Period can strengthen convenience and increase investor confidence in trading in the Indonesian capital market," he explained.