Indonesia Stock Exchnage is joining the IPC Financial Markets Network (FMN) while the government and trade organisation has initiated the process of accreditation of e-commerce websites.
IDX joins IPC network
IPC Systems, Inc., a provider of managed network-as-a-service (MNaaS) solutions for the financial trading community, said it has added the Indonesian Stock Exchange (IDX) to the IPC Financial Markets Network (FMN).
This gives the capital market participants around the world – a secure, reliable connectivity – to access the Indonesian financial markets while meeting regulatory requirements.
The announcement is in line with IPC’s network expansion strategy which will “enable global investors to trade equities, bonds, derivatives and mutual funds in the Indonesian capital markets”.
According to IDX, the institutions that are investing and trading in Indonesia are demanding reliable, secure and trusted connectivity options for executing their trades, consuming market data and managing risks.
“We continue to see significant demand among global institutional investors to access Indonesia’s financial markets as a result of the country’s sound monetary management and prudent fiscal stance,” said David Brown, senior vice president and managing director, Financial Markets Network, IPC.
E-Commerce could be 20% of retail in 4 years
Srie Agustina, acting director general of domestic trading of Trade Ministry, said that the e-commerce business has a chance of capturing 20 per cent share of the retail market in the next four years. At present, e-commerce’s share in the conventional retail market is 5 per cent.
To boost the quality the domestic e-commerce industry, the trade ministry will mandate online sites to register with the ministry.
The Indonesia E-Commerce Association (IDEA) is planning for an accreditation of e-commerce sites to improve the quality and credibility of local e-commerce players. The accreditation assessment will begin in June for 200 sites’ online sales-and purchase businesses. The assessment categories include operational sites, payment clarity, and customer service.
Minister of Communications and Informatics Rudiantara expressed his optimism that the retail e-commerce business this year was likely to record deals worth $20 billion.
Also Read :