Presentation of

For the last 3 years (2000 2002), Global

Market Cap were down 13%, 19%, and
17,9%
1
st
Phenomenon
O Most developed market are at The Ten
Last Performers in term of general index
performances
2
nd
Phenomenon
O Most emerging markets are at The Ten
Best Performers in term of general index
performances
3
rd
Phenomenon
O Most emerging markets were at The Ten
Strongest Market Cap Percentage Growth
4
th
Phenomenon
The JSX Source of Revenue
44.5
26.7
37
22.2
29
17.6
0
5
10
15
20
25
30
35
40
45
1999 2000 2001
Transaction Fees Clearing Fees Listing Fees Others
Infrastructure Development
O Fully implementation of scripless trading & book entry
settlement system T+3 settlement cycle
O Operation of a new Jakarta Automated Trading System
for Remote Trading (JATS-RT)
O Implementation of Auto Rejection System to enhance
JSX monitoring capacities
O Building an electronic linkage with BAPEPAM to improve
efficiency in reporting system
O Establishment of a Network Command Center as a center
for services, monitoring, and operations of remote
trading
O Developing Executive Alert System for Security Market
Automated Research Training and Surveillance
(SMARTS)
Preserving Market Integrity
O More stringent listing criteria
O Promote the implementation of GCG
Principles to all listed companies:
98% has had Independent Commissioners
80% has established audit committee
O Enhancing surveillance activities
O Make more constructive works and
cordination with constituents
O Investor education
603
396.4
392
698.8
493
424.9
0
100
200
300
400
500
600
700
2001 2002
Trading Volume
Trading Value
CP Index
The JSX Daily Trading Vol &
Value, Composite Price Index
Daily average trading volume increased 16%
Daily average trading value increased 24%
The JSX Composite Price Index closed higher
by 8%
So did the transaction-related incomes
29
17.6
35.7
21.4
0
5
10
15
20
25
30
35
40
2001 2002
Transaction Fees
Clearing Fees
The JSX Transaction-related
Incomes
22.79%
The JSX Mission
O Moving towards a demutualized
exchange
O Establishing JSX as a Center of
Excellence and Competence
Institution
O Delivering good quality products and
services
O Building JSX as a more active and
responsive institution that is able to
cope with global challenges through
its market reorientation
Hingga Juni 2003, kinerja pasar ekuitas
global bergerak ke arah yg cukup positif
Bursa di kawasan Asia Pasifik menjadi
The Best Performer in June
Market Aktualita
Time Zone Average Performance
North America 1.4%
South America -0.1%
Europe 2.6%
Asia - Pacific 6.0%
AVERAGE 2.5%
AGENDA
O Do we need a reform ?
O Fundamental problems
encountered
O How to deal with
O The new regulatory regime in the
Indonesian financial services
industry
O Bursa-bursa negara maju tetap
mendominasi prosentase global market
cap
Fenomena Global (6)
44.5
26.7
37
22.2
29
17.6
0
5
10
15
20
25
30
35
40
45
1999 2000 2001
Transaction Fees Clearing Fees Listing Fees Others
The JSX Source of Revenue
The Objectives
To be well financed to compete globally
and invest in both technology and human
capital
O Product development and institutional
building
O To enable SX management to take actions
that are in the best interest of its
organization and its constituents
O to adapt and respond quickly to market
forces