REPUBLIKA.CO.ID, JAKARTA – The trading halt occurred on Monday in Indonesian stock exchange (IDX) due to problems in remote trading system. The opening trade was delayed for 30 minutes. The management of IDX was forced to use disaster recovery system (DRC).

The Director of IDX Samsul Hidayat explained the connection of back-up system did not run as usual and affected other systems. IDX discovered the problem at 07.00 am and it was unanticipated. When they held a simulation on Monday morning, only 84 brokers were connected.

The system should have connected all 114 brokers registered at the stock exchange. "We decided to delay the opening to investigate the connection problem," Hidayat said.

Trading resumed about 10.30 am, but was suspended again minutes later. The President Director of IDX, Ito Warsito, said the problem on remote trading affected the trading transaction in IDX.

Head of Research MNC Securities Edwin Sebayang predicted the brokers suffered big loss of potential income. On high condition, he assessed the loss could reach 500 billion IDR. He also said that the problem yesterday was shameful. "If the problem reoccurs, who will payback for such loss?" he said.

IDX then decided to conduct early close on second session at 15.30. It closed 0.01 percent up at 4145.87 points.

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