If I Trade Outside Regular Hours, Is Stock Ownership Still Recorded in My Name?
Yes, and the arrangement is identical to a Regular-hours trade. In providing access to US Stocks — both during regular hours and through the 24-Hour Market — Pluang is facilitated by PT PG Berjangka in its role as a Financial Derivatives Intermediary, licensed and supervised by the Otoritas Jasa Keuangan (OJK) for financial derivative products with Securities as the underlying asset. PT PG Berjangka is also a Futures Broker licensed and supervised by Bappebti. Through that partnership you can invest in US Stocks safely and legally, and when you trade US Stocks on Pluang, the underlying US Stock assets are traded on your behalf. Your transactions are recorded at PT Bursa Berjangka Jakarta (JFX) and PT Kliring Berjangka Indonesia (KBI). You do not receive voting rights for the shares you own.
- Identical in both: the ownership arrangement is the same whether you trade during regular hours or through the 24-Hour Market
- Who facilitates it: PT PG Berjangka, in its role as a Financial Derivatives Intermediary
- Regulatory supervision: licensed and supervised by OJK for financial derivative products with Securities as the underlying asset
- Also a Futures Broker: PT PG Berjangka is licensed and supervised by Bappebti in that capacity
- How trading works: the underlying US Stock assets are traded on your behalf when you trade US Stocks on Pluang
- Where transactions are recorded: PT Bursa Berjangka Jakarta (JFX) and PT Kliring Berjangka Indonesia (KBI)
- One limitation: you do not receive voting rights for the shares you own
Related questions:
Q: Does the session I trade in change my ownership status?
No. Whether your order is filled during the Regular Market session or in one of the extended sessions, the resulting position is held and recorded in exactly the same way through PT PG Berjangka, with transactions recorded at JFX and KBI. The execution venue is a separate matter from how the position itself is structured for you. That structure does not vary by session at any point.
Q: Do I get voting rights on shares I hold?
No. Voting rights are not attached to US Stock positions held through Pluang, regardless of when you traded or how large the position is. This applies equally to shares acquired during Regular Market hours and to those acquired through the 24-Hour Market's extended sessions, since the underlying arrangement is identical in both cases. This is a feature of how US Stocks are offered rather than of any one session.
Q: Who regulates this arrangement?
PT PG Berjangka is licensed and supervised by the Otoritas Jasa Keuangan (OJK) for financial derivative products with Securities as the underlying asset, and is separately licensed and supervised by Bappebti as a Futures Broker. Transactions themselves are recorded at PT Bursa Berjangka Jakarta (JFX) and PT Kliring Berjangka Indonesia (KBI). Both licences apply regardless of which session your trade was filled in.
Q: What does "traded on your behalf" mean in practice?
It means that when you place a US Stock order on Pluang, the underlying US Stock assets are transacted for you through the partnership with PT PG Berjangka rather than by you directly on a US exchange. That structure is what allows US Stocks to be offered to Indonesian investors within the regulated framework described above. Your position is recorded against your account throughout.