Pengembangan Kompetensi Mahasiswa Melalui Pelatihan Magang Online Saat Pandemi Covid 19

This activity is carried out in collaboration with 3 Universities in the City of Tasikmalaya with the Financial Services Institution in the Capital Market to develop student competencies through an apprenticeship training program. This activity is carried out for 30 working days starting from February 2021 to March 2021 with a rotating system considering the training period during the Covid 19 pandemic. Internships are carried out online and once a week carried out offline with a rotating system to avoid crowds and maintain health protocols. With this work apprenticeship, it is hoped that students participating in the apprenticeship who are final year students can prepare themselves in the real world of work after graduating from college, where apprenticeships are also expected to be able to apply the theories obtained during college to be able to apply them in companies or institutions where they work. This activity is carried out with assistance from lecturers and tutors from the company. The implementation of this internship resulted in participants being able to learn firsthand the stock trading system at the Indonesia Stock Exchange with direct supervision of the trading market and be able to see how the marketing administration of opening a share account.

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Pendampingan Praktek Magang Pada Industri Jasa Keuangan oleh Mahasiswa Program Studi Keuangan dan Perbankan Universitas Siliwangi

BANTENESE : JURNAL PENGABDIAN MASYARAKAT ◽

10.30656/ps2pm.v2i1.2252 ◽

2020 ◽

Vol 2 (1) ◽

pp. 34-41

Author(s):

Dedeh Sri Sudaryanti ◽

Tine Badriatin ◽

Noneng Masitoh

Keyword(s):

Community Service ◽

Capital Market ◽

Job Training ◽

Stock Exchange ◽

Trading System ◽

Stock Trading ◽

Study Program ◽

University Finance ◽

Effective Period ◽

Representative Office

Community service is carried out by providing apprenticeship practices to PT. Reliance Sekuritas Indonesia, Tbk., Tasikmalaya Representative Office as one of the companies cooperating with Siliwangi University through cooperation in the Indonesia Stock Exchange Investment Gallery - FEB UNSIL - RELI. One of the objectives of this internship practice is to be able to open up opportunities for Siliwangi University Finance and Banking Study Program students in applying the theory and knowledge learned by students, especially internships during lectures to the reality of practical work. The method used is the Job Training in capital market companies. Therefore this internship training assistance is carried out with capital market lecturers. The internship practices carried out at capital market companies were carried out by 3 participants for 30 calendar days with an effective period of 22 working days. As for the results of the internship practices, interns can learn directly the stock trading system on the Indonesia Stock Exchange by observing the live trade exchanges and the apprentice can find out how to administer the marketing of stock account opening.

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Reaksi Pasar Atas Pengumuman Corporate Governance Perception Index

E-Jurnal Akuntansi ◽

10.24843/eja.2019.v27.i03.p29 ◽

2019 ◽

pp. 2432 ◽

Cited By ~ 1

Author(s):

I Gede Krisna Dharma Putra ◽

I Gusti Ayu Eka Damayanthi

Keyword(s):

Corporate Governance ◽

Capital Market ◽

Abnormal Return ◽

Sampling Method ◽

Market Reaction ◽

Stock Exchange ◽

Stock Trading ◽

Announcement Date ◽

Analysis Technique ◽

The One

CGPI is the result of research from the Indonesian Institute for Corporate Governance (IICG) in collaboration with SWA magazine. This study aims to determine the reaction of the capital market on the CGPI announcement. The research was conducted at the company surveyed by CGPI for the period 2013-2016 by accessing the Indonesia Stock Exchange, IICG, Yahoo finance and SWA magazines. The population in this study were the companies surveyed by the Corporate Governance Perception Index (CGPI) for the period 2013-2016. The number of samples taken was 61 using the purposive sampling method. The data analysis technique used is the one sample t-test. Based on the results of the analysis, it was found that during the seven days of stock trading around the announcement of the Corporate Governance Perception Index (CGPI) without involving the comfounding effect (other announcements) there was no market reaction around the CGPI announcement date. Keywords: Corporate Governance Perception Index (CGPI), abnormal return, market reaction

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Market microstructure: a comparative study of Bombay stock exchange and national stock exchange

Journal of Advances in Management Research ◽

10.1108/jamr-06-2020-0109 ◽

2020 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Anshi Goel ◽

Vanita Tripathi ◽

Megha Agarwal

Keyword(s):

Market Microstructure ◽

Capital Market ◽

Stock Exchange ◽

Arima Model ◽

Unit Root Test ◽

Stock Exchanges ◽

Investment Strategies ◽

Trading System ◽

Content Type ◽

Trading Mechanism

PurposeThe present study seeks to investigate the relative edge between the market microstructure of the two leading stock exchanges of the Indian capital market, that is BSE and NSE with a focus on analysing their trading mechanism, efficiency, liquidity and volatility.Design/methodology/approachWe analyse the microstructure of BSE and NSE on the basis of: (1) trading mechanism – ownership structure, listing of securities, trading system and settlement and clearing process; (2) information efficiency using unit root test, serial correlation, runs test, variance ratio and the ARIMA model; (3) liquidity using trading statistics no. of listed Companies, market capitalisation, no. of trades etc. and (4) volatility using standard deviation and GARCH(1,1) model.FindingsA comprehensive scrutiny on microstructure of BSE and NSE makes it evident that the two leading stock exchanges of India are mostly similar and leave no scope to choose between them. Both the exchanges are demutualised corporate entities with a fully automated trading system in an order-driven market, informationally inefficient as evidenced by the predictability of returns, have shown tremendously growing trading statistics and by and large a declining trend in volatility over the years.Practical implicationsUnderstanding the components of the microstructure black-box will provide the regulatory bodies with an intellectual framework to strengthen the market architecture. Both the exchanges will get aware of the dynamics of trading, can grow to be more competitive and attract more firms for listing and investors for trading of securities. Also, investors, portfolio managers and equity analysts will be able to make better investment strategies by understanding how the market works.Originality/valueResearch in the area of market microstructure has been severely neglected, especially in the context of the Indian market. India is the world's fastest growing economies and we have witnessed tremendous reforms in the capital market. The past two and a half decades have brought about several innovations via demutualisation, screen-based trading, emergence of clearing corporations, innovative financial products and intense use of IT in the Indian stock market. A spurt of reforms and the emerging environment make it crucial to deeply analyse the market structure and design of two premier stock exchanges of India – BSE and NSE.

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Dialektika Hukum Trading Saham Syariah di Bursa Efek Indonesia

TAWAZUN : Journal of Sharia Economic Law ◽

10.21043/tawazun.v1i2.5073 ◽

2018 ◽

Vol 1 (2) ◽

pp. 148

Author(s):

Kharis Fadlullah Hana

Keyword(s):

Capital Market ◽

Stock Exchange ◽

Current Trend ◽

Field Research ◽

Field Studies ◽

Legal Issues ◽

Legal Basis ◽

Stock Trading ◽

Muslim Communities ◽

Economic Transaction

This study aims to find out how the legal basis and stock trading transactions that occur in the Islamic capital market in Indonesia. This study uses a field research method that discusses legal issues regarding stock trading based on field studies from various relevant sources. The capital market is a place for corporate activities to seek additional funds to finance its business activities. In Indonesia alone there are two capital markets, namely the regular capital market and the Islamic capital market. The Islamic capital market is a new breakthrough that has been carried out as a solution to the current trend of halal investment. It also becomes very interesting for the community, especially for Muslim communities to invest their capital in the company to get results and can participate in developing the company, but the reality that happens in the market is that many companies that have been listed on the stock exchange are still operating in accordance with sharia principles . The Islamic capital market can simply be interpreted as a capital market that implements sharia principles in economic transaction activities and apart from things that are prohibited such as usury, gambling and speculation.

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TINGKAT EFEKTIVITAS SISTEM INFORMASI REMOTE TRADING MENGGUNAKAN METODE UTAUT PADA PT CIPTADANA SECURITIES

Infotech: Journal of Technology Information ◽

10.37365/it.v5i1.57 ◽

2020 ◽

Vol 5 (1) ◽

pp. 37-44

Author(s):

Maria Gabby Winata

Keyword(s):

System Design ◽

Stock Exchange ◽

Employee Performance ◽

Rapid Development ◽

User Acceptance ◽

Trading System ◽

Stock Trading ◽

Securities Company ◽

System Effectiveness ◽

New System

In English; Along with the rapid development of information technology, the Indonesian Stock Exchange (IDX) began to develop a more efficient transaction concept by starting to apply the concept of floorless trading. Which previously all places and processes of buying and selling shares were only centered on the IDX floor or better known as floor trading. The floorless trading system is a new stock trading transaction system implemented by the IDX by moving the place and process of buying and selling of shares to each securities company from what was previously centralized on the stock exchange (IDX). So now the concept of a new stock sale and purchase transaction, or better known as remote trading, has begun to be developed. The purpose of writing this research is to evaluate the remote trading system implemented by the company and provide input to improve the effectiveness of the remote trading system. This study uses the UTAUT methodology to evaluate and measure user acceptance, the results of which will be a reference to provide input to the company. The results achieved are a new system design created to meet user needs based on the analysis that has been done. With this new system design will increase system effectiveness and employee performance. Dalam Bahasa Indonesia Seiring dengan pesatnya perkembangan teknologi informasi maka Bursa Efek Indonesia (BEI) mulai mengembangkan konsep transaksi yang lebih efisien yakni dengan mulai menerapkan konsep floorless trading. Yang mana sebelumnya seluruh tempat dan proses terjadinya transaksi jual beli saham hanya terpusat di lantai BEI atau lebih dikenal dengan istilah floor trading. Sistem floorless trading merupakan sebuah sistem transaksi jual beli saham baru yang diterapkan oleh BEI dengan memindahkan tempat dan proses terjadinya transaksi jual beli saham ke masing-masing perusahaan efek dari yang tadinya terpusat di lantai bursa (BEI). Maka sekarang ini mulai dikembangkan konsep transaksi jual beli saham yang baru atau lebih dikenal dengan istilah remote trading. Tujuan dari penulisan penelitian ini adalah mengevaluasi system remote trading yang diimplementasikan oleh perusahaan serta memberikan masukan untuk meningkatkan efektivitas system remote trading. Penelitian ini mengunakan metodologi UTAUT untuk melakukan evaluasi dan pengukuran terhadap user acceptance yang hasilnya akan menjadi acuan untuk memberikan masukan kepada perusahaan. Hasil yang dicapai adalah sebuah rancangan sistem baru yang dibuat untuk memenuhi kebutuhan user berdasarkan analisa yang telah dilakukan. Dengan rancangan sistem yang baru ini akan meningkatkan efektivitas sistem dan kinerja karyawan.

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Time Evolution of Market Efficiency and Multifractality of the Japanese Stock Market

Journal of Risk and Financial Management ◽

10.3390/jrfm15010031 ◽

2022 ◽

Vol 15 (1) ◽

pp. 31

Author(s):

Tetsuya Takaishi

Keyword(s):

Market Efficiency ◽

Time Evolution ◽

Stock Price ◽

Price Index ◽

Stock Exchange ◽

Big Bang ◽

System Reform ◽

Trading System ◽

Stock Trading ◽

Year 2000

This study investigates the time evolution of market efficiency in the Japanese stock markets, considering three indices: Tokyo Stock Price Index (TOPIX), Tokyo Stock Exchange Second Section Index, and TOPIX-Small. The Hurst exponent reveals that the Japanese markets are inefficient in their early stages and improve gradually. TOPIX and TOPIX-Small showed an anti-persistence around the year 2000, which still persists. The degree of multifractality varies over time and does not show that the Japanese markets are permanently efficient. The multifractal properties of the Japanese markets changed considerably around the year 2000; this may have been caused by the complete migration from the stock trading floor to the Tokyo Stock Exchange’s computer trading system and the financial system reform, also known as the “Japanese Big Bang”.

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Pengaruh Laba Bersih, Arus Kas Dan Dividen Tunai Terhadap Volume Perdagangan Saham Pada Perusahaan Publik Sektor Barang Dan Konsumsi Di BEI

JMK (Jurnal Manajemen dan Kewirausahaan) ◽

10.32503/jmk.v4i1.356 ◽

2019 ◽

Vol 4 (1) ◽

pp. 32

Author(s):

Etty Susilowati ◽

Hernawati Sinaga

Keyword(s):

Cash Flow ◽

Capital Market ◽

Trading Volume ◽

Stock Exchange ◽

Sampling Technique ◽

Net Income ◽

Stock Trading ◽

Public Companies ◽

Positive Effects ◽

The Capital Market

The stock trading volume is the number of shares that are traded on the capital market every trading day with a price level agreed upon by the seller and buyer through an intermediary in the capital market. Stocks will be more liquid with the amount of investment in shares. To assess the volume of stock trading, investors can evaluate net income, cash flow and cash dividends. The purpose of this study was to analyze the effect of net income, cash flow and cash dividends on the volume of stock trading in 10 public goods and consumption sectors listed on the Indonesia Stock Exchange (IDX) through a purposive sampling technique both simultaneously and partially. The research data were analyzed using multiple linear regression methods. The results of this study indicate that simultaneously net income, cash flow and cash dividends have significant effects on the volume of stock trading of public companies in the goods and consumption sector, while partially, only net income (β = 0.485) and cash flow (β= 1.587) have significant positive effects against the volume of stock trading.

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Management discussion and analysis, corporate governance perception index and market reaction

Corporate Ownership and Control ◽

10.22495/cocv14i4art14 ◽

2017 ◽

Vol 14 (4) ◽

pp. 165-175

Author(s):

Lindrianasari Lindrianasari ◽

Sondang Berliana Gultom ◽

Liza Alvia

Keyword(s):

Corporate Governance ◽

Stock Returns ◽

Capital Market ◽

Trading Volume ◽

Market Reaction ◽

Stock Exchange ◽

Volume Activity ◽

Stock Trading ◽

Market Participants ◽

Investor Reaction

This research generally aims to provide empirical evidence on investor reaction to the disclosure of Management’s Discussion and Analysis of the companies listed on the Indonesia Stock Exchange in the period of 2011-2013. The motivation of this study is that there is no study in Indonesia concerning the presentation of the Management’s Discussion and Analysis that affect investors’ decision to invest in an enterprise, which is illustrated by the market reaction to stock returns and trading volume activity. There are 827 samples in this study in the period of 2011-2013. This study found that Indonesian capital market is responding to the disclosure of Management’s Discussion and Analysis provided by the company. The more complete disclosure of the information in the Management’s Discussion and Analysis, the better the market response. Corporate Governance Perception Index also responded positively and significantly to the stock trading volume. These findings indicate that the disclosure of information contained in Management’s Discussion and Analysis and Corporate Governance Perception Index utilised for market participants in Indonesia in decision-making.

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PROTECTION IN RETAIL INVESTORS DISADVANTED BY FAKE TRANSACTION PRACTICE (CORNERING THE MARKET)

Journal of Private and Commercial Law ◽

10.15294/jpcl.v2i1.14560 ◽

2018 ◽

Vol 2 (1) ◽

pp. 55-64

Author(s):

DESTU ARGIYANTO

Keyword(s):

Capital Market ◽

Stock Exchange ◽

Market Manipulation ◽

Trading Activity ◽

Stock Trading ◽

Retail Investors ◽

Market Situation ◽

Misleading Statement

The practice of fake transaction is a stock trading practice that incurs many losses, especially for retail investors who basically do not control the market in majority on the floor of the stock. This practice may threaten the liquidity and credibility of capital market activities in Indonesia. Pseudo transaction is one of the crimes prohibited in Capital Market Law which fall into the category of market manipulation. In simple terms, market manipulation is an activity undertaken by a person either directly or indirectly creating a false or misleading image of a trading activity, market situation, or price of Securities at a Stock Exchange or giving a statement, or an improper, or misleading statement so that the price of the securities in bursa affected. Provisions on market manipulation are provided in Articles 91, 92 and 93 of Law Number 8 of 1995 concerning the Capital Market.Keywords : Concerning the market, Ritel Investors, Protection

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New Investor Class Program Sebagai Sarana Literasi dan Inklusi Pasar Modal

AKSIOLOGIYA Jurnal Pengabdian Kepada Masyarakat ◽

10.30651/aks.v4i1.3382 ◽

2019 ◽

Vol 4 (1) ◽

pp. 100

Author(s):

Tine Badriatin ◽

R. Lucky Radi Rinandiyana

Keyword(s):

Community Service ◽

Capital Markets ◽

Capital Market ◽

Stock Exchange ◽

Literacy Education ◽

The Public ◽

The City ◽

The Capital Market

ABSTRAK Adanya ketertarikan dari akademisi dan masyarakat untuk menjadi investor pasar modal di Bursa Efek Indonesia, namun tanpa dukungan dan pengetahuan tentang apa dan bagaimana cara berinvestasi di pasar modal. Hal ini menjadikan latar belakang pengabdian pada masyarakat untuk edukasi literasi dan inklusi pasar modal.Maka dari itu untuk mendukung hal tersebut diadakan program NICP (New Investor Class Program) yang diselenggarakan oleh PT. Reliance Sekuritas Indonesia, Tbk melalui GIBEI-FE UNSIL-RELI.Program ini bertujuan untuk mengedukasi secara menyeluruh mengenai literasi dan inklusi pasar modal untuk menjadi seorang investor yang berkualitas di pasar modal dan tentunya dapat meningkatkan jumlah investor pasar modal khususnya di Kota Tasikmalaya. Luaran kegiatan program ini adalah kemampuan menangkap peluang Investor dan calon investor pada kegiatan kuliah umum pasar modal serta pengenalan pasar modal pada seluruh kalangan masyarakat, peningkatan pengetahuan Investor/calon investor serta kalangan masyarakat akan pasar modal, Peningkatan Jumlah Investor dalam pembukaan rekening saham, Peningkatan pengetahuan dan kemampuan dalam berinvestasi di Pasar Modal Kata Kunci: bursa efek Indonesia; inklusi; literasi; pasar modal.ABSTRACT There is interest from academics and the public to become capital market investors in the Indonesia Stock Exchange, but without the support and knowledge of what and how to invest in the capital market. This makes the background of community service for literacy education and capital market inclusion. Therefore to support this, a NICP (New Investor Class Program) program is held by PT. Reliance Sekuritas Indonesia, Tbk through GIBEI-FE UNSIL-RELI. This program aims to thoroughly educate the literacy and capital market inclusion to become a quality investor in the capital market and can certainly increase the number of capital market investors, especially in the City of Tasikmalaya. The output of this program is the ability to capture the opportunities of investors and prospective investors in capital market public lectures and the introduction of capital markets to all people, increase investor / prospective investor knowledge and the public about the capital market, increase the number of investors in opening stock accounts, increase knowledge and the ability to invest in the Capital Market.Keywords: capital market; inclusion; Indonesia stock exchange; literacy.

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