CONFERENCE PROCEEDINGS
Advanced Search
Home > Proceedings > Volume 12936 > Article
Paper
19 December 2023 The scripless trading of share transfer: analysing the role of information technology in paperless trading in Indonesian and Malaysian stock exchange
. Suratman, Muhammad Umar bin Abdul Razak, Wan Zulhafiz bin Wan Zahari, Azlan Roni
Author Affiliations +
Proceedings Volume 12936, International Conference on Mathematical and Statistical Physics, Computational Science, Education and Communication (ICMSCE 2023); 129360F (2023) https://doi.org/10.1117/12.3012268
Event: International Conference on Mathematical and Statistical Physics, Computational Science, Education and Communication (ICMSCE 2023), 2023, Istanbul, Turkey
Abstract
This research aims to find out the influences of information technology development on the concept of share ownership transfer in scripless trading and how this scripless trading looks like in the Indonesian and Malaysian Stock Exchange. This research employed a normative research method, statutory and conceptual approach, with also primary, secondary, and tertiary legal materials to support the research data, all of which were analyzed based on the descriptive-qualitative analysis technique. To study and compare the legal positions in Indonesia and Malaysia concerning scripless trading, a legal comparative analysis is conducted in this. This study aims to offer useful insights into the similarities and contrasts that exist in these two jurisdictions’ unique legal systems by analysing their legal frameworks and guiding principles. The research results came to the following conclusions: (1) the development of information technology manages to transform the relevant jurisprudence into law, especially regarding the concept of transfer of rights of a moveable and intangible object which is more like in the transfer of shares ownership in scripless trading, (2) in the execution of scripless trading, the stock exchange offices serve as the front office fully supported by several institutions backing up transactions such as the Securities Clearing Agency (LKP) executed by PT Kliring Penjamin Efek Indonesia (KPEI), and Depository and Settlement Agency (LPP) executed by PT Kustodian Sentral Efek Indonesia (KSEI) as well as Bursa Malaysia Depository Berhad which assist in scripless trading in a stock exchange, and (3) the adoption of information technology in share transfer mechanisms in public companies has increased the efficiency and economic growth in both countries.
(2023) Published by SPIE. Downloading of the abstract is permitted for personal use only.
Citation Download Citation
. Suratman, Muhammad Umar bin Abdul Razak, Wan Zulhafiz bin Wan Zahari, and Azlan Roni "The scripless trading of share transfer: analysing the role of information technology in paperless trading in Indonesian and Malaysian stock exchange", Proc. SPIE 12936, International Conference on Mathematical and Statistical Physics, Computational Science, Education and Communication (ICMSCE 2023), 129360F (19 December 2023); https://doi.org/10.1117/12.3012268
ACCESS THE FULL ARTICLE
ORGANIZATIONAL
Sign in with credentials provided by your organization.
INSTITUTIONAL
Select your institution to access the SPIE Digital Library.
SELECT YOUR INSTITUTION
PERSONAL
Sign in with your SPIE account to access your personal subscriptions or to use specific features such as save to my library, sign up for alerts, save searches, etc.
PERSONAL SIGN IN
No SPIE Account? Create one
PURCHASE THIS CONTENT
SUBSCRIBE TO DIGITAL LIBRARY
50 downloads per 1-year subscription
Members: $195
Non-members: $335 ADD TO CART
25 downloads per 1 - year subscription
Members: $145
Non-members: $250 ADD TO CART
PURCHASE SINGLE ARTICLE
Includes PDF, HTML & Video, when available
Members: $17.00
Non-members: $21.00 ADD TO CART
PROCEEDINGS
 8 PAGES
DOWNLOAD PAPER SAVE TO MY LIBRARY
GET CITATION
Advertisement
Advertisement
RIGHTS & PERMISSIONS
Get copyright permission  Get copyright permission on Copyright Marketplace
KEYWORDS
Information technology
Information security
Analytical research
Equipment
Computing systems
Network security
Standards development
RELATED CONTENT
Subscribe to Digital Library
Receive Erratum Email Alert
Back to Top