Jakarta – Indonesia Stock Exchange (IDX) continues to refine its policies to further deepen the market and improve the quality of equity trading in Indonesia’s capital market. One of these efforts is reflected through amendments to several regulation related to Stock Liquidity Providers (LPs), which include adjustments to stock parameters, quotation obligations, fee policies, and incentives for Equity LPs.
The Equity LP policy, which has been implemented since 11 August 2025, represents one of IDX’s initiatives to strengthen trading mechanisms in the secondary market. In its implementation, IDX continues to undertake active and ongoing improvements through continuous monitoring and evaluation, taking into account market dynamics, feedback, and the needs of market participants, including existing and prospectiveprospective Equity LPs.
Following the evaluation, IDX has also expanded the list of stock eligible for quotation by Equity LPs and introduced a more flexible incentive scheme. These changes are expected to increase participation from Exchange Members (EMs) in becoming Equity LPs. With more sustained liquidity, this initiative is expected to create opportunities for broader public share ownership distribution, thereby supporting listed companies in enhancing their free float. To date, IDX has granted Equity LP licenses to two (2) EMs, namely Phintraco Sekuritas and Mandiri Sekuritas, and continues to encourage broader participation going forward.
These regulatory adjustments are stipulated in two newly issued IDX Board of Directors Decrees. First, Decree No. Kep-00029/BEI/02-2026 concerning stock parameter regulation for Equity LPs, Incentive for Equity LPs, and Quotation Obligations of Equity LPs. Second, Decree No. Kep-00030/BEI/02-2026 concerning Fee Policies and Incentives for Equity LPs. Both Decrees became effective on 26 February 2026 and will be disseminated to all relevant stakeholders, including all Exchange Members.
The list of stocks eligible to be selected by Equity LPs is available at www.idx.co.id > Market Data > Stock Data > Liquidity Provider Stock List or via the following link: www.idx.co.id/en/market-data/stocks-data/liquidity-provider-stock-list/.
IDX remains optimistic that these policy adjustments will further strengthen the equity trading ecosystem, support market deepening efforts, and enhance the competitiveness of Indonesia’s capital market in a sustainable manner.
