presentation of. for the last 3 years (2000 – 2002), global market cap were down 13%, 19%, and...
TRANSCRIPT
Presentation of
For the last 3 years (2000 – 2002), Global Market Cap were down 13%, 19%, and 17,9%
1st Phenomenon
Most developed market are at “The Ten Last Performers” in term of general index performances
2nd Phenomenon
Most emerging markets are at “The Ten Best Performers” in term of general index performances
3rd Phenomenon
Most emerging markets were at “The Ten Strongest Market Cap Percentage Growth”
4th Phenomenon
The JSX Source of Revenue
44.5
26.7
37
22.2
29
17.6
05
1015202530354045
1999 2000 2001
Transaction Fees Clearing Fees Listing Fees Others
Infrastructure Development
Fully implementation of scripless trading & book entry settlement system T+3 settlement cycle
Operation of a new Jakarta Automated Trading System for Remote Trading (JATS-RT)
Implementation of Auto Rejection System to enhance JSX monitoring capacities
Building an electronic linkage with BAPEPAM to improve efficiency in reporting system
Establishment of a Network Command Center as a center for services, monitoring, and operations of remote trading
Developing Executive Alert System for Security Market Automated Research Training and Surveillance (SMARTS)
Preserving Market Integrity
More stringent listing criteria Promote the implementation of GCG
Principles to all listed companies: 98% has had Independent Commissioners 80% has established audit committee
Enhancing surveillance activities Make more constructive works and
cordination with constituents Investor education
603
396.4 392
698.8
493
424.9
0
100
200
300
400
500
600
700
2001 2002
Trading Volume
Trading Value
CP Index
The JSX Daily Trading Vol & Value, Composite Price
Index
Daily average trading volume increased 16%
Daily average trading value increased 24%
The JSX Composite Price Index closed higher by 8%
So did the transaction-related incomes
29
17.6
35.7
21.4
0
5
10
15
20
25
30
35
40
2001 2002
Transaction Fees
Clearing Fees
The JSX Transaction-related Incomes
22.79%
The JSX Mission
Moving towards a demutualized exchange
Establishing JSX as a Center of Excellence and Competence Institution
Delivering good quality products and services
Building JSX as a more active and responsive institution that is able to cope with global challenges through its market reorientation
Hingga Juni 2003, kinerja pasar ekuitas global bergerak ke arah yg cukup positif
Bursa di kawasan Asia Pasifik menjadi “The Best Performer in June”
Market Aktualita
Time Zone Average Performance
North America 1.4%
South America -0.1%
Europe 2.6%
Asia - Pacific 6.0%
AVERAGE 2.5%
AGENDA
Do we need a reform …? Fundamental problems
encountered … How to deal with … The new regulatory regime in
the Indonesian financial services industry …
Bursa-bursa negara maju tetap mendominasi prosentase global market cap
Fenomena Global (6)
44.5
26.7
37
22.2
29
17.6
05
1015202530354045
1999 2000 2001
Transaction Fees Clearing Fees Listing Fees Others
The JSX Source of Revenue
The Objectives
To be well financed to compete globally and invest in both technology and human capital
Product development and institutional building
To enable SX management to take actions that are in the best interest of its organization and its constituents
to adapt and respond quickly to market forces