Marking a strategic step in strengthening the trading infrastructure for debt securities and the money market, Indonesia Stock Exchange (IDX) today held the Grand Launching of the Alternative Market Operator System (SPPA) for Repurchase Agreements (Repo) and the Inauguration of the Granting of Operational Licenses for Intermarket Electronic Trading Platform (ETP) Providers, on Monday (1/12) at the IDX Main Hall.
The Grand Launching of SPPA Repo and the inauguration of the intermarket ETP provider license represent an important milestone in the deepening of Indonesia’s financial market, with SPPA playing a direct role in providing secondary market trading for debt securities and money market instruments.
This commitment is further reinforced by the approval of SPPA’s operational license as an intermarket ETP provider by Bank Indonesia on Friday, November 28, 2025. The approval strengthens SPPA’s position in delivering transaction services entrusted by Bank Indonesia for money market instruments, particularly Repo transactions. With this approval, SPPA becomes a trading platform authorized by both the Financial Services Authority (OJK) and Bank Indonesia, in line with the mandate of the Law on Financial Sector Development and Strengthening (UUPPSK) regarding intermarket operations among financial sector authorities. This achievement also reflects strong synergy, collaboration, and commitment to the development of Indonesia’s financial markets.
