Technology will shape the future of the domestic and international financial markets as it continues to play a significant role in industry consolidation. The implementation of scriptless trading in mid 2001 for instance increased the efficiency of the Indonesian capital market by slashing annual registration and paper costs by IDR 624.9 trillion, increasing the volume of market transactions, and reducing the settlement process from T+4 to T+3.(1)

In mid-year 2002 the Jakarta Stock Exchange implemented Remote Trading and as of 23 December, daily market transactions were up by 16.02 percent in volume, 24.39 percent in value, and 10.5 percent in market capitalization compared to 2001. This development has decreased transaction order entry time from 15 seconds to 8 seconds allowing exchange members to process more orders, has minimized the possibility of human error, and facilitated the expansion of business activities through the use of newly available resources.(2)