What Does US Stock Ownership Status Mean on Pluang?
When you trade US Stocks on Pluang, PT PG Berjangka trades the underlying US Stock assets on your behalf as a Financial Derivatives Intermediary licensed and supervised by OJK, with your transactions recorded at the Jakarta Futures Exchange (JFX) and Kliring Berjangka Indonesia (KBI). This means you hold an economic position that tracks the value of the underlying US Stock — you benefit from price movements and, where applicable, dividends, the same way any investor exposed to that asset would — but you do not receive voting rights for the shares, since PT PG Berjangka is a Futures Broker licensed and supervised by Bappebti acting on your behalf rather than you holding direct legal title to the shares yourself, a structure common to derivatives-based access to overseas securities offered through regulated intermediaries.
How your position is structured: PT PG Berjangka facilitates your access to US Stock products in its role as a Financial Derivatives Intermediary licensed and supervised by OJK for financial derivative products with securities as the underlying asset. All transactions are recorded on the Jakarta Futures Exchange (JFX) and cleared through Kliring Berjangka Indonesia (KBI).
What this means for voting rights: Because PT PG Berjangka trades the underlying asset on your behalf rather than you holding direct legal share ownership, you do not receive voting rights for company meetings or polls on the US Stocks you hold through Pluang. Your position tracks the economic value of the stock, not the full legal shareholder rights that come with directly registered share ownership.
Regulatory oversight: PT PG Berjangka is also a Futures Broker licensed and supervised by Bappebti (the Commodity Futures Trading Regulatory Agency), adding another layer of regulatory oversight on top of its OJK license for the derivative product structure itself.
Related questions:
Q: Will I ever receive voting rights on US Stocks I hold through Pluang?
No — because PT PG Berjangka trades the underlying US Stock assets on your behalf rather than registering you as the direct legal shareholder, you do not receive voting rights for company meetings or shareholder polls on any US Stock position you hold through Pluang, regardless of position size or how long you've held it, since this stems from the product structure rather than being tied to your investment amount.
Q: Do I still benefit from price movements even without voting rights?
Yes — your position tracks the economic value of the underlying US Stock, meaning you benefit from price appreciation (or bear the loss from depreciation) the same way a direct shareholder would. What you don't get is the governance side of ownership, like voting on board members or corporate matters, since that stays with the entity holding direct legal title to the underlying shares.
Q: Where are my US Stock transactions officially recorded?
Every transaction you place is recorded on the Jakarta Futures Exchange (JFX) and cleared through Kliring Berjangka Indonesia (KBI), which together provide the regulated Indonesian market infrastructure for your trade, on top of the underlying execution that happens through Alpaca Securities LLC on the US side, giving your trade a paper trail on both sides of the Pacific that you can reference if needed later.
Q: Why is PT PG Berjangka regulated by both OJK and Bappebti?
PT PG Berjangka holds an OJK license as a Financial Derivatives Intermediary for products with securities as the underlying asset, and separately, it is also licensed and supervised by Bappebti as a Futures Broker — two distinct regulatory roles that together cover both the derivatives product structure and the futures brokerage function it performs on your behalf as an investor day to day.