Indonesian Bourse Delays Trading After Access Outage
The Indonesian Stock Exchange (IDX), located in Jakarta, delayed trading earlier today when over a quarter of the members, who each have a seat for direct trading, were unable to link into the exchange's system.
According to a report by Bloomberg, 30 of the 114 members (26 percent) were left in the dark before the exchange briefly shut down trading. Uriep Budhi Praseyto, IDX director of surveillance and compliance, says the cause of the outage remains undetermined.
IDX, which formed when the Jakarta Stock Exchange merged with the Surabaya Stock Exchange in 2007, has experienced increased trading activity in recent years, with the Jakarta Composite Index (JCI) remaining one of the fastest growing in the world owing to consistent economic growth in the Southeast-Asian nation of islands.
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