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-====== Indonesia Stock Exchange (IDX) ======
-The Indonesia Stock Exchange, the result of a merger between Surabaya Stock Exchange and Jakarta Stock Exchange, is the primary equity market in Indonesia.
-[[http://www.idx.co.id/index-En.html | Homepage]]
-Currency: Indonesian Rupiah (IDR)
-[[http://www.idx.co.id/en-us/home/newsannouncement/tradingholiday.aspx | Holiday Calendar]]\\
-[[http://www.idx.co.id/en-us/home/aboutus/tradingmechanism/tradinghour.aspx | Trading Hours]]
-===== Trading Summary =====
-All equities trading is processed through a facility called JATS. More information on the equity trading mechanism for IDX can be found on the [[http://www.idx.co.id/en-us/home/aboutus/tradingmechanism/equities.aspx | Equities]] page.
-==== Order Types ====
-  * Limit Buy/Sell→ShortSell (Day)
-==== Basic Market Rules ====
-  * Lot Size: 500 shares.
-  * Tick Size: varies by price, as follows:
-^ Price Range ^ Tick Size ^
-| Rp 500 | Rp 1 |
-| Rp 500 - 5,000 | Rp 5 |
-| > Rp 5,000 | Rp 25 |
-  * Short Sale Rules: naked short selling is prohibited. A short locate must be obtained and all short sell orders must be properly marked.
-  * Circuit Breakers: as follows:
-^ Stage ^ Trigger ^ Action ^
-| First | If the IDX composite index falls by 10% from the previous day's close | All trading in listed securities will be halted for 30 minutes |
-| Second | If the IDX composite index falls by 15% from the previous day's close (i.e., by another 5%) | Trading in all listed securities will be suspended until the closing time of that session, or more (given approval by Indonesia's Financial Services Authority)|
-==== Auction Mechanisms ====
-Both the opening and closing auction mechanisms in Indonesia operate by matching all open orders on a price-time priority basis.
-=== Open ===
-Pre-Opening Session: orders can be entered from 08:45:00 - 08:55:00, with order matching occurring from 08:55:01 - 08:59:59 ahead of the market open at 09:00:00.
-=== Close ===
-Continuous Auction: matching selling offer against buying demand entered in pre-closing session from 15:50:00 to 16:00:00 using price-time priority.
-The closing price is based on the best price and largest volume of shares matched.
-**Auction Periods**
-Pre-Closing Session: 15:50:00 - 16:00:00 - securities exchange member to input selling offers or buying demand
-Closing Auction: 16:00:01 - 16:04:59 - JATS performs the incurred formation process of Closing Price and performs matching auction continuously selling offer against buying demand on Closing Price based on price-time priority
-**Order Types:** Limit Order with TIF set to DAY.
-=====See Also=====
-  * [[market_guides|Market Guides]]