February 21, 2026 | 09:01 pm
TEMPO.CO, Jakarta - The Indonesia Stock Exchange (IDX) will evaluate the Full Call Auction (FCA) policy as part of the capital market reform agenda. FCA is a trading mechanism for stocks listed on the Special Monitoring Board. Through this mechanism, buy and sell orders are collected over a set period of time and executed at a predetermined time.
Acting CEO of IDX, Jeffrey Hendrik, said that in accordance with the exchange policy, the company conducts periodic reviews, including for FCA. "And we see room for us to make improvements or revisions to the policy," Jeffrey told reporters at the Indonesia Stock Exchange on Friday, February 20, 2026.
Jeffrey explained that BEI is currently taking steps to increase transparency in the share ownership structure. This includes disclosing share ownership data of over 1 percent and increasing the minimum free float requirement from 7.5 percent to 15 percent. This step is in response to concerns raised by several global index providers, including Morgan Stanley Capital International (MSCI) and FTSE Russell.
According to Jeffrey, higher transparency will also affect FCA regulations. He said that the criteria for the program will likely be reduced. Jeffrey also mentioned that the Indonesia Stock Exchange is considering replacing the auction mechanism with continuous trading.
Jeffrey stated that adjustments to the Full Call Auction will be made no earlier than the second quarter of 2026. "Because we are currently focusing on the development for FTSE and MSCI," he said.
Read: JCI Gains 0.72% This Week; Daily Trades Exceed 3 Million
Click here to get the latest news updates from Tempo on Google News
JCI Gains 0.72% This Week; Daily Trades Exceed 3 Million
4 jam lalu
The Jakarta Composite Index (JCI) closed at 8,271.76. Foreign investors recorded a net buying value of Rp240.57 billion.
JCI Rises on Hopes BI Will Hold Interest Rates at 4.75%
2 hari lalu
The Jakarta Composite Index (JCI) on the Indonesia Stock Exchange (IDX) strengthened on Thursday, February 19, 2026.
Antam, Bukit Asam Officially Become Indonesia's State-Owned Limited Firms
3 hari lalu
The change in status to a state-owned enterprise for Antam and Bukit Asam will not affect their operations or business sustainability.
IDX Closed February 16-17 for Chinese New Year
6 hari lalu
In conjunction with the Chinese New Year 2577 Kongzili, trading on the Indonesia Stock Exchange (IDX) will be closed on February 16-17, 2026.
Dueling Strategies Amid Market Distress
6 hari lalu
Two figures stand behind the resignations of senior officials of the Indonesia Stock Exchange and the Financial Services Authority.
Weekly Stock Market: JCI Strengthens, Foreign Capital Outflow Reaches Rp2 Trillion
6 hari lalu
The Indonesia Stock Exchange (IDX) recorded a 3.49 percent increase on the Jakarta Composite Index (JCI) this week.
IDX Flags High Market Volatility After MSCI Publication
8 hari lalu
IDX acting director said that they had actually been communicating with MSCI since October 2025.
IDX Highlights Quality Focus in Planned 2027 SOE IPOs
8 hari lalu
Currently, the IDX's approach to the stock listing process focuses on quality over quantity.
Prabowo Reportedly Furious Over OJK's Silence on MSCI Letters
9 hari lalu
President Prabowo is reportedly furious after reports surfaced that OJK ignored four letters from MSCI.
Indofood Removed from MSCI Main Index in Rebalancing Review
10 hari lalu
Global index provider MSCI has removed Indonesian food giant PT Indofood Sukses Makmur (INDF) from its main MSCI Global Standard Index.
