JAKARTA (Yosefardi) – The Indonesia Stock Exchange (IDX) plans to lift the investor protection fund by seven-fold (700%) to Rp100-200 million per individual from current Rp25 million.
IDX chairman Tito Sulistio said IDX prefers 4-8 times of increase for investor protection fund, targeted to implement next month. The investor protection fund is managed by Securities Investor Protection Fund (SIPF), a joint venture of IDX, KSEI, and KPEI.
Tito explained the increase of investor protection fund is aimed to create security and convenience of investors in trading stocks. IDX targets to boost daily trading value by 3-4 times to Rp15 trillion within next 5 years.