Insider Stories - The Indonesia Stock Exchange plans to have the final trial for trading shares in a reduced lot size from 500 per lot to 100, as part of the exchange's effort to attract more investors, a director at the IDX said on Friday.

In Indonesia, investors have been buying shares traded at the exchange cannot just purchase a share. They must buy a minimum of 500 shares in a lot.

This system is a legacy from the old trading day when the exchange still used manual method for stock trading.

The lot system was aimed to make the recording of stock trading more efficient as the price of the stocks were relatively low in the past.

However, as the system has been replaced, years ago, with electronic trading system, the number of shares an investor must purchase in one lot is considered as too many, which discourage the appetite to buy shares, especially the ones already expensive.

"On Saturday, we will have pre-live. It will be the last trial. We will have the entire day to test the system by doing trading just like usual," Samsul told reporters at the IDX headquarter in Jakarta.

Samsul said the exchange hopes this new scheme will boost liquidity in the market and attract more retail investors to participate in the stock trading.