What is FITS
Fixed Income Trading System (FITS) is a trading system for bond listed in Indonesia Stock Exchange. It’s a script less trading system integrating three different mechanisms: trading, clearing and settlement activities.
FITS allows the bonds traded in retail basis (retail bond). Retail bond is bond traded in the Exchange with relatively small nominal value, starting from Rp 5 millions and its denominator.
FITS system uses Automated Securities Trading System (ASTS) platform which allows members to do remote trading so that the trader didn’t have to meet each other on the trading floor. All the transaction activities can be carried out from the Exchange Member's office.
FITS Facilities
FITS trading system allows member to do bond transaction in the two trading boards of Indonesia Stock Exchange:
• Regular Outright Board is the trading mechanism in which anonymous
continuous auction forms the market price, and the trading method is based on
price and time priority.
• Negotiated Board is the facility that allows Exchange Member to report the results
of its negotiation with other Exchange Member or other party. FITS also gives
advertising order tools to indicate the selling and buying orders.
Advantage
FITS as a trading system for bond transaction has its distinctive feature compared to other systems. FITS integrates three different systems. They are trading, clearing and settlement systems.
Trading Hours
Monday - Thursday
First Session : 09.30 - 12.00 WIB
Second Session : 13.30 - 16.00 WIB
Friday
First Session : 09.30 - 11.30 WIB
Second Session : 14.00 - 16.00 WIB