RRI.CO.ID, Jakarta – Indonesia’s capital market is entering a new phase aimed at improving transaction quality. The Indonesia Stock Exchange (IDX) has begun implementing Liquidity Provider (LP) quotes for stocks as a strategy to deepen the market, with Phintraco Sekuritas providing the first quotation.

IDX Director of Trading and Exchange Member Regulation, Irvan Susandy, emphasized the crucial active role of Exchange Members in maintaining market stability and efficiency. According to him, the presence of Liquidity Providers will improve price discovery and increase investor trading interest.

“IDX appreciates Phintraco Sekuritas’ commitment to supporting the stock Liquidity Provider program. We hope this step will drive increased liquidity, particularly for stocks with the potential to grow more optimally,” said Irvan in Jakarta on Monday, April 20, 2026, as quoted by Antara.

In the initial phase, Phintraco Sekuritas is providing buy and sell quotes for five stocks: PT Gudang Garam Tbk (GGRM), PT Pabrik Kertas Tjiwi Kimia Tbk (TKIM), PT Trans Power Marine Tbk (TPMA), PT Asuransi Tugu Pratama Indonesia Tbk (TUGU), and PT Wintermar Offshore Marine Tbk (WINS).

“The presence of stock liquidity providers plays a crucial role in enhancing trading quality by narrowing the bid-ask spread, increasing market depth, and facilitating transactions for investors,” said Irvan.

IDX views broader participation from Exchange Members as the key to the program’s success. The exchange authority also continues to encourage participation to boost market liquidity and credibility.

“This also demonstrates IDX’s commitment to continuously deepening the market,” said Irvan.

IDX ensures that program evaluations are conducted on an ongoing basis, with incentives for market participants. This initiative aims to strengthen market structure and enhance the competitiveness of Indonesia’s capital market at the regional and global levels. ***