IEP and IEV Features Enhance Stock Trading Transparency

The ever-evolving capital market has driven the Indonesia Stock Exchange (IDX) to continuously innovate to improve convenience and efficiency for investors. One of the latest innovations introduced by IDX is the Indicative Equilibrium Price (IEP) and Indicative Equilibrium Volume (IEV) features in the stock trading system. These features aim to enhance transparency and support orderly and fair trading in the capital market.

What Are IEP and IEV?

IEP and IEV are two essential features that provide investors with information about the potential price and transaction volume that will form during specific trading sessions. IEP indicates the expected indicative price, while IEV provides information on the potential accumulated transaction volume at the IEP price.

Benefits of IEP and IEV for Investors

The presence of IEP and IEV offers numerous benefits for investors, especially in making trading decisions. With these features, investors can view the estimated price that will form at the end of the blind order book and call auction sessions, such as during Pre-opening, Pre-closing, and Periodic Call Auction sessions. This information helps investors execute orders more accurately and reduces the risk of price manipulation, such as marking the close.

These features also provide guidance to investors on the potential transaction volume that could occur at a certain price, which is very useful for planning buy or sell strategies. If the number of buy or sell orders has the potential to be matched, the IEP and IEV values will appear on the online trading application screens of the Exchange Members or the investors' chosen securities firms.

IEP and IEV Implementation in Trading

IEP and IEV are applied during several key trading sessions, such as Pre-opening, Pre-closing, and Periodic Call Auction for stocks in the Special Monitoring Board. With this information, price formation is expected to be fairer as all orders in the order book are considered, thus increasing investor protection from aggressive orders that could impact the market.

Investors can utilize these features by placing buy orders at the IEP price and monitoring the IEV to ensure that the volume can be matched. Those looking to sell stocks can place sell orders at the IEP price or slightly lower to increase the likelihood of the transaction occurring.

Access to IEP and IEV Features

Investors can easily access IEP and IEV information through the online trading applications of Exchange Members or the IDX Mobile application. These features are displayed in real-time on the detailed page of the selected stock, making it easier for investors to make more informed trading decisions.

Conclusion

With the IEP and IEV features, transparency in stock trading on IDX is significantly improved, helping investors execute orders and minimize price volatility. For beginner investors who are not yet familiar with these features, it is recommended to consult with their securities firm to gain a better understanding and fully utilize these features. IDX remains committed to developing features that support more efficient, fair, and transparent trading in the Indonesian capital market.