JAKARTA - The Indonesia Stock Exchange (IDX) released a repurchase agreement (repo) transaction feature in the Alternative Market Operator System (ASP) this week.

With this feature, investors can trade Government Securities (SUN) with repurchase agreements, through one platform.

IDX Director of Development Jeffrey Hendrik said the repo feature will strengthen the liquidity of the debt securities market.

"Repo transactions with underlying SUN on the same platform as SUN buying and selling transactions, will make SPPA a pool of liquidity for debt securities trading in Indonesia," said Jeffrey, through an official statement.

Jeffrey added that the role of SPPA Repo is also expected to support the digitalisation of financial markets, which was initiated by Bank Indonesia (BI). "We believe SPPA will play an important role in the ecosystem of debt securities trading and money markets in Indonesia," Jeffrey added.

SPPA transactions reached IDR 246.1 trillion in 2024, up 76% from the previous year. SPPA users have also increased by 95% since the beginning of implementation, reaching 39 institutions.

The IDX targets that in the future more market participants will join SPPA. (KR/LM)