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Indonesia Financial Brokerage Market Outlook to 2023 - By Equity and Debt Investments Traded Value, Revenue and Frequency of Transactions and By Local and Global Brokerage Firms

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The report titled "Indonesia Financial Brokerage Market Outlook to 2023 - By Equity and Debt Investments Traded Value, Revenue and Frequency of Transactions and By Local and Global Brokerage Firms" provides comprehensive information on the Indonesian Financial Brokerage market overview and genesis, Indonesia Financial Brokerage market segmentation by type of investment category on the basis of revenue contribution, traded value and frequency of transactions (equity and debt) and its sub types and by type of brokerage firms on the basis of revenue contribution (local firms and global firms). The report also covers market ecosystem, economic analysis of Indonesia and comparison with other Emerging economies of South-Asia, competitive landscape including company profiles and cross-comparison among market players on key operational, profitability, customer base and financial parameters, growth drivers, recent developments, issues and challenges, decision making criteria for customers while choosing a brokerage firm and snapshots on Investor profile in Indonesia and Sharia Capital Market Trading. The report concludes with future outlook of the financial brokerage industry in Indonesia and certain recommendations including success case study of Zerodha India Financial Brokerage Market highlighting the key strategies for entering and remaining profitable in the highly fragmented market.

Indonesia Financial Brokerage Market Overview and Size

Indonesia Financial Brokerage market was observed in a growing stage wherein the market experienced slow growth during the review period 2013-2018. During 2013-2015, a decline in growth rate was observed in Indonesia Financial Brokerage market due to the external factors of slowdown in Chinese economy, placing of restrictions on funds borrowing by the Federal Reserve and capital flight from Indonesia’s economy which led to increasing interest rates by the Bank of Indonesia. The phase also experienced presidential and parliamentary elections and continued low awareness among the investors regarding the financial markets. Despite the decline, the financial brokerage industry started recovering in 2016 and has been experiencing a positive CAGR growth till date. Major growth drivers include stable positive economic outlook of Indonesia, inflow of foreign investment, rising number of global strategic partnerships by the brokerage firms, low market capitalization and others.

Indonesia Financial Brokerage Market Segmentation

By Type of Investment Category (Equity and Debt): Equity Investment Category captured the majority of the market share in terms of revenue contribution and frequency of transactions in Indonesia during 2018 owing to the high liquidity level, increased investment by asset managers of Mutual Funds and rising number of IPOs in the country. In the equity investment category, stocks were the dominant category followed by Rights, Warrants, ETFs and REITs in terms of the revenue contribution to the industry. The remaining market share was captured by the debt investment category including government and corporate bonds during 2018.

By Type of Brokerage Firms (Local Firms and Global Firms)

During the year 2018, the industry revenue was dominated by the local brokerage firms owing to the established branch network, company’s reputation among domestic investors, competitive pricing for online trading and quality of services offered by the firms. However, the entry of global brokerage firms and the increasing level of foreign portfolio investment have been posing a challenge to the dominance of local brokerage firms.

Comparative Landscape in the Indonesia Financial Brokerage Market

The competitive landscape of the industry is characterized by highly fragmented market structure with 104 brokerage firms competing majorly on the basis of transaction charges, service portfolio, quality of services, firm’s reputation and online trading facilities for retail clients. Among the local brokerage firms, the leading player in the market is Mandiri Sekuritas in terms of revenue contribution to the industry whereas CGS-CIMB has the highest revenue market share among the global firms.

Indonesia Financial Brokerage Market Future Outlook and Projections

Over the forecast period 2018-2023, the Indonesia Financial Brokerage market is predicted to grow in terms of revenue because of the stable positive economic outlook of the country, improve in country’s rating, anticipated increase in the foreign portfolio investments, increasing penetration rate among the domestic investors, rising number of IPOs, capital requirements of the government for infrastructure building and the boom in mutual funds segment of the capital market.

By Type of Investment Category:

 Equity Investment

  •   Stocks
  •   Rights
  •   Warrants
  •   ETFs
  •   REITs

 Debt Investment Category

  • Government Bond
  • Corporate Bond

By Type of Brokerage Firms:

  • Local Firms
  • Global Firms

Time Period Captured in the Report:

  • Historical Period – 2013-2018
  • Forecast Period – 2018-2023

Companies Covered:

  • Mandiri Sekuritas
  • CGS-CIMB Sekuritas Indonesia
  • UBS Sekuritas Indonesia
  • Mirae Asset Sekuritas Indonesia
  • Indo Premier Sekuritas
  • Yuanta Sekuritas Indonesia
  • Macquarie Sekuritas Indonesia
  • Valbury Sekuritas Indonesia
  • Trimegah Sekuritas Indonesia Tbk
  • Citigroup Indonesia

Key Topics Covered in the Report

  • Economic Analysis of Indonesia
  • Cross Comparison of Indonesia with other South Asian Emerging Economies
  • Indonesia Financial Brokerage Market Ecosystem
  • Indonesia Financial Brokerage Market Overview and Genesis
  • Business Models in the Indonesia Financial Brokerage Market
  • Snapshot on Investor Profile in Indonesia Financial Brokerage Market.
  • Indonesia Financial Brokerage Market Size, 2013-2018
  • Indonesia Financial Brokerage Market Segmentation, 2013-2018
  • Snapshot on Sharia capital market Trading
  • Growth Drivers in the Indonesia Financial Brokerage Market
  • Recent Developments in the Indonesia Financial Brokerage Market
  • Issues and Challenges in the Indonesia Financial Brokerage Market
  • Customer decision making criteria in the Indonesia Financial Brokerage Market
  • Competitive Landscape in the Indonesia Financial Brokerage Market
  • Indonesia Financial Brokerage Market Future Outlook and Projections, 2019-2023
  • Analyst Recommendations in the Indonesia Financial Brokerage Market
  • Case Study of Zerodha’s success in Indian Financial Brokerage Market
READ MORE

Table Of Content

Scope

1. Executive Summary

2. Research Methodology

2.1. Market Definitions
2.2. Abbreviations
2.3. Market Sizing and Modeling
General Approach for Market Sizing
Market Sizing – Indonesia Financial Brokerage Market
Variables (Dependent and Independent)
Multifactor Based Sensitivity Model
Regression Matrix
Limitations
Final Conclusion

3. Business Model in Indonesia Financial Brokerage Market
4. Economic Analysis of Indonesia and Comparison with other Emerging Asian Countries
5. Indonesia Financial Brokerage Market Overview and Genesis
6. Indonesia Financial Brokerage Market Ecosystem

7. Snapshot on Investor Profile in Indonesia Financial Brokerage Market

7.1. Indonesia Financial Brokerage Market Size (by Revenue, by Traded Value and by Frequency), 2013– 2018

8. Indonesia Financial Brokerage Market Segmentation, 2018
8.1. By Type of Investment Products (Equity and Debt), 2013-2018
On the Basis of Revenue Contribution
On the Basis of Traded Value of Products
On the Basis of Frequency of Transactions
8.1.1. Equity Market Segment, 2013-2018
On the basis of traded Volume by Type of Instruments, 2013-2018
On the basis of Traded value by Type of Instruments
Stock Trading by Type of Investors (Domestic and foreign investors)
Stock Trading by Type of Trading market (Regular, Negotiated and Cash market)
8.1.2. Bond Market Segment, 2013-2018
On the Basis of Traded Value by Type of Bonds, 2013-2018
On the Basis of Traded Value by Type of Investor, 2015-2018
8.2. By Type of Brokerage Firms (Local and Global Firms), 2015-2018

9. Snapshot on Sharia Financial Market Trading, 2013-2018
10. Recent Developments in Indonesia Financial Brokerage Market
11. Growth Drivers For Indonesia Financial Brokerage Market
Number of IPOs
Foreign Investment
Shift from bank based loans to raising financial market debt
Strategic Partnerships
Accelerator and Incubator board in IDX
Collaboration of IDX with Universities
Regulatory reforms for Sharia TradinG
Improvement in Country Rating

12. Market Challenges in Indonesia Financial Brokerage Market

13. Customer Decision Making Parameters In Indonesia Financial Brokerage Market, 2018

14. Competitive Landscape in Indonesia Financial Brokerage Market

14.1. Competition Scenario (Competition stage, Company Position and Competing Parameters), 2018
14.2. Market Share of Major Players of Indonesia Financial Brokerage Market, 2018
On the Basis of Stock Traded Volume, 2018
On the Basis of Stock Traded Value, 2018
On the Basis of Frequency of Stock Transactions, 2018
On the Basis of Revenue Contribution, 2015-2018
Market Share in Global Brokerage Firms on the basis of Revenue Contribution, 2015-2018
Market Share among Local Brokerage Firms by Revenue, 2015-2018
14.3. Strengths & Weaknesses of Major Players in Indonesia Financial Brokerage market
14.4. Cross- Comparison Matrix of Major Players in Indonesia Financial Brokerage Market, 2018
Operational Parameters (Average Daily Stock Value Traded, Average Daily Stock Volume Traded, Average Brokerage Revenue per Transaction), 2018
Pricing Table, 2018
Profitability Parameters, 2018
Net Adjusted Working Capital (NAWC), 2017-2018
Customer Base, 2018
Marketing Parameters, 2018
14.5. Company Profile Of Major Players In Indonesia Financial Brokerage Market
MANDIRI SEKURITAS
Indo Premier Securities
Valbury Sekuritas Indonesia
TRIMEGAH Sekuritas
CGS-CIMB Sekuritas Indonesia
UBS Sekuritas Indonesia
Mirae Asset Sekuritas Indonesia
Macquarie Sekuritas Indonesia
Yuanta Sekuritas Indonesia
PT. Citigroup Securities Indonesia

15. Indonesia Financial Brokerage Market Future Outlook and Projections, 2018– 2023E
15.1. Indonesia Financial Brokerage Market Segmentation By Type of Investment Product (Equity and Debt) on the basis of Revenue, Traded Value and Frequency of Transactions, 2023E
15.2. Indonesia Financial Brokerage Future Market Segmentation by Type of Brokerage Firms (Local Firms and Global Firms) on the basis of Revenue, 2023E

16. Targets set by Bank of Indonesia for Development of Financial Market BY 2024

17. Analyst Recommendations

17.1. For New Entrants
Entry strategy
Product portfolio of the new entrant
Unmatched Research and Advisory Services
17.2. For Existing Brokerage Firms
Establish Core Competencies In Different Segments
MItigating increased competition from global brokerage firms
One-Stop Solution Provider
Creating Customers for Tomorrow
IPO Dealing services
Changing the Pricing Structure

18. Zerodha’s Success Story in Indian Financial Brokerage Market

Disclaimer
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List Of Figure

Figure 1-1: Flow Chart Depicting Indonesia Financial Brokerage Market Size and Major Segments, 2018
Figure 3-1: Revenue Streams of Brokerage Firms operating in Financial Brokerage Market
Figure 4-1: Gross Domestic Product of Indonesia in USD Billion, 2013 - 2018
Figure 4-2 Current Account Deficit of Indonesia as a Percentage of GDP (%), 2013 - 2018
Figure 4-3: Inflation Rate in Indonesia in Percentage (%), 2013 - 2018
Figure 4-4: Indonesia External Debt in USD Billion and as Percentage of GDP (%), 2013 - 2018
Figure 4-5: Indonesia Foreign Exchange Reserves in USD Billion and Proportion of External Debt as Percentage (%), 2013 - 2018
Figure 5-1: Business Cycle of Indonesia Financial Brokerage Market
Figure 5-2: GDP growth rate of Indonesia in (%), 1991 - 2018
Figure 7-1: Number of Registered Single Investor Identification (SIDs in Thousands in Indonesia Financial market, 31st December 2013-31st December 2018
Figure 7-2: Number of Equity Investors, in Thousands, 31st December 2015- 31st December 2018
Figure 7-3: Number of Daily Active Investors, in Thousands, 31st December 2015- - 31st December 2018
Figure 7-4: Indonesia Financial Brokerage Market Size on the Basis of Revenue in IDR Billion and Growth Rate in Percentage (%), 2013 - 2018
Figure 7-5: Indonesia Financial Brokerage Market Size on the Basis of Traded Value of Equity including stocks, rights, warrants, ETFs and REITs and Fixed Income
Products including Corporate and Government Bonds in IDR Trillion, 2013-2018
Figure 7-6: Indonesia Financial Brokerage Market Size on the Basis of Frequency of Transactions of Equity and Fixed Income Products including stocks, rights, warrants,
REITs, ETFs, Corporate and Government bonds in Million, 2013-2018
Figure 7-7: Market Capitalization to GDP Ratio in Indonesia Financial Market, 2013-2018
Figure 8-1: Indonesia Financial Brokerage Market Segmentation by Type of Investment Products (Equity and Debt) on the Basis of Revenue Generated in Percentage (%),
2013-2018
Figure 8-2: Indonesia Financial Brokerage Market Segmentation by Type of Investment Products (Equity and Debt) on the Basis of Traded Value of Products in Percentage
(%) 2013-2018
Figure 8-3: Indonesia Financial Brokerage Market Segmentation by Type of Investment Products (Equity and Debt) on the Basis of Frequency Transactions in Percentage
(%), 2013-2018
Figure 8-4: Equity Segment of Indonesia Financial Brokerage Market on the basis of Total Traded Volume in Billion, 2013-2018
Figure 8-5: Equity Segment of Indonesia Financial Brokerage Market on the basis of Total Traded Value in IDR Trillion, 2013-2018
Figure 8-6: Indonesia Financial Brokerage Market Segmentation of Stock Trading Type of Trading market (Regular, Negotiated and Cash market) on the basis of Traded
Volume in Percentage (%), 2013-2018
Figure 8-7: Indonesia Financial Brokerage Market Segmentation of Stock Trading Type of Trading market (Regular, Negotiated and Cash market) on the basis of Traded
Value in Percentage (%), 2013-2018
Figure 8-8: Indonesia Financial Brokerage Market Segmentation of Stock Trading Type of Trading market (Regular, Negotiated and Cash market) on the basis of Frequency
of Transactions in Percentage (%), 2013-2018
Figure 8-9: Market Segmentation of Debt Market Segment of Indonesia Financial Brokerage Market on the basis of Traded Value of Type of Bonds (Government and Corporate
Bonds) in Percentage (%), 2013-2018
Figure 8-10: Indonesia Financial Brokerage Market Segmentation by Type of Investor (Domestic and Foreign) on the basis of Traded Value of Debt in Percentage (%), 2015
-2018
Figure 8-11: Market Segmentation of Indonesia Financial Brokerage Market on the basis of Type of Firms in terms of Revenue in IDR Billion. 2013-2018
Figure 9-1: Number of Sharia Investors in Indonesia Financial Market, 31st December 2015 - 31st December 2018
Figure 9-2: Sharia Stock Trading Value in IDR Billion, 2013-2018
Figure 11-1: Number of IPOs in Indonesia Financial market, 2013-2018
Figure 11-2: Foreign Investment Inflows in Indonesia in USD Billion, 2013-2017
Figure 11-3: Outstanding Loan Amount of Commercial Banks as a Percentage of GDP, 2013-2017
Figure 14-1: Market Share of Major Players (Mirae Asset Sekuritas Indonesia, Valbury Sekuritas Indonesia, NH Korindo Sekuritas Indonesia, Mandiri Sekuritas, Pacific
Sekuritas Indonesia, Indo Premier Sekuritas, OSO Sekuritas Indonesia, Ciptadana Sekuritas Asia, Yuanta Sekuritas Indonesia, CGS-CIMB Sekuritas Indonesia and Others) in
Indonesia Financial Brokerage Market on the basis of Stock Volume Traded in Percentage (%), 2018
Figure 14-2: Indonesia Financial Brokerage Market Share of Major Players (Mandiri Sekuritas, Credit Suisse Sekuritas Indonesia, Mirae Asset Sekuritas Indonesia, UBS
Sekuritas Indonesia, Macquarie Sekuritas Indonesia, Morgan Stanley Sekuritas Indonesia, CGS-CIMB Sekuritas Indonesia, Citigroup Indonesia, Deutsche Sekuritas
Indonesia, CLSA Sekuritas Indonesia and Others) on the basis of Stock Traded Value in Percentage (%), 2018
Figure 14-3: Market Share of Major Players (Mirae Asset Sekuritas Indonesia, Mandiri Sekuritas, Indo Premier Sekuritas, MNC Sekuritas, Philip Sekuritas, UBS Sekuritas
Indonesia, BNI Sekuritas, CGS-CIMB Sekuritas Indonesia, Deutsche Sekuritas Indonesia, Valbury Sekuritas Indonesia, Others) in Indonesia Financial Brokerage Market on
the basis of Frequency of Stock Transactions in Percentage (%), 2018
Figure 14-4: Market Share of Major Players (Mandiri Sekuritas, CGS-CIMB Sekuritas Indonesia, UBS Sekuritas Indonesia, Mirae Asset Sekuritas Indonesia, Indo Premier
Sekuritas, Yuanta Sekuritas Indonesia, Macquarie Sekuritas Indonesia, Valbury Sekuritas Indonesia, Trimegah Sekuritas Indonesia Tbk, Citigroup Indonesia and Others) in
Indonesia Financial Brokerage Market on the Basis of Revenues in Percentage (%), 2018
Figure 14-5: Market Share in Global Brokerage Firms (CGS-CIMB Sekuritas Indonesia, UBS Sekuritas Indonesia, Mirae Asset Sekuritas Indonesia, Yuanta Sekuritas
Indonesia, Macquarie Sekuritas Indonesia, Citigroup Indonesia and Others) in Indonesia Financial Brokerage Market on the Basis of Revenues in Percentage (%), 2018
Figure 14-6: Indonesia Financial Brokerage Market Share among Global Brokerage Firms (CGS-CIMB Sekuritas Indonesia, UBS Sekuritas Indonesia, Mirae Asset Sekuritas
Indonesia, Yuanta Sekuritas Indonesia, Macquarie Sekuritas Indonesia, Citigroup Indonesia and Others) on the Basis of Revenue in Percentage (%) during 2015-2018
Figure 14-7: Indonesia Financial Brokerage Market Share among Global Brokerage Firms (CGS-CIMB Sekuritas Indonesia, UBS Sekuritas Indonesia, Mirae Asset Sekuritas
Indonesia, Yuanta Sekuritas Indonesia, Macquarie Sekuritas Indonesia, Citigroup Indonesia and Others) on the Basis of Revenue in IDR Billion during 2015-2018
Figure 14-8: Indonesia Financial Brokerage Market Share among Local Brokerage Firms (Mandiri Sekuritas, Indo Premier Sekuritas, Valbury Sekuritas Indonesia, Trimegah
Sekuritas Indonesia Tbk and Others) on the Basis of Revenue Generated in Percentage (%), 2018
Figure 14-9: Indonesia Financial Brokerage Market Share among Local Brokerage Firms (Mandiri Sekuritas, Indo Premier Sekuritas, Valbury Sekuritas Indonesia, Trimegah
Sekuritas Indonesia Tbk and Others) on the Basis of Revenue in Percentage (%) during 2015-2018
Figure 14-10: Indonesia Financial Brokerage Market Share among Local Brokerage Firms (Mandiri Sekuritas, Indo Premier Sekuritas, Valbury Sekuritas Indonesia, Trimegah
Sekuritas Indonesia Tbk and Others) on the Basis of Revenue in IDR Billion during 2015-2018
Figure 14-11: Cross Comparison among Major Players on the basis of Market Share in Stock Traded Volume, Market share in Stock Traded Value and Frequency of
Transactions, 2018
Figure 14-12: Cross comparison of Major Players in Indonesia Financial Brokerage Market on the basis of PAT Margin in Percentage (%), 2018
Figure 14-13: Revenue Generated From Brokerage Activities by Mandiri Sekuritas in IDR Billion, 2015-2018
Figure 14-14: Mandiri Sekuritas Client Base in terms of Number of Accounts of Retail Clients, 2014-2018
Figure 14-15: Number of Registered Online Customer Accounts of Mandiri Sekuritas, 2014-2018
Figure 14-16: Revenue earned from Brokerage Activities by Indo Premier Securities in IDR Billion, 2015-2018
Figure 14-17: Revenue earned from Brokerage Activities in IDR Billion by Valbury Sekuritas Indonesia, 2015-2018
Figure 14-18: Revenue Earned from Brokerage Activities by Trimegah Sekuritas in IDR Billion, 2015-2018
Figure 14-19: Revenue earned from Brokerage Activities by CGS-CIMB Securities in IDR Billion, 2015-2018
Figure 14-20: Revenue Earned from Brokerage Activities by UBS Sekuritas in IDR Billion, 2015-2018
Figure 14-21: Revenue Earned from Brokerage Activities by Mirae Asset Sekuritas in Indonesia in IDR Billion, 2015-2018
Figure 14-22: Revenue Earned from Brokerage Activities by Macquarie Sekuritas Indonesia in IDR Billion, 2015-2018
Figure 14-23: Revenue Earned from Brokerage Activities by Yuanta Sekuritas Indonesia in IDR Billion, 2015-2018
Figure 14-24: Revenue Earned from Brokerage Activities by Citigroup Securities Indonesia in IDR Billion, 2015-2018
Figure 15-1: Indonesia Financial Brokerage Market Future Projections by Revenues in IDR Billion and Growth Rate in Percentage (%), 2018-2023E
Figure 15-2: Indonesia Financial Brokerage Market Future Projections by Traded Value in IDR Trillion and Growth Rate in Percentage (%), 2018- 2023E
Figure 15-3: Indonesia Financial Brokerage Market Future Outlook and Projections by Frequency of Transactions in Thousands and Growth Rate in Percentage (%), 2019E-
2023E
Figure 15-4: Indonesia Financial Brokerage Market Segmentation and Projections by Type of Investments (Equity and Debt) on the Basis of Revenue in IDR Billion, 2018-
2023E
Figure 15-5: Indonesia Financial Brokerage Market Segmentation and Projections by Type of Investments (Equity and Debt) on the Basis of Revenue Contribution in
Percentage (%), 2018-2023E
Figure 15-6: Indonesia Financial Brokerage Market Segmentation and Projections by Type of Investments (Equity and Debt) on the Basis of Traded Value in IDR Trillion,
2018- 2023E
Figure 15-7: Indonesia Financial Brokerage Market Segmentation and Projections by Type of Investments (Equity and Debt) on the Basis of Traded Value in Percentage (%),
2018-2023E
Figure 15-8: Indonesia Financial Brokerage Market Segmentation and Projections by Type of Investments (Equity and Debt) on the Basis of Frequency Transactions in
Thousands, 2018- 2023E
Figure 15-9: Indonesia Financial Brokerage Market Segmentation and Projections by Type of Investments (Equity and Debt) on the Basis of Frequency Transactions in
Percentage (%), 2018-2023E
Figure 15-10: Indonesia Financial Brokerage Market Segmentation and Projections by Type of Brokerage Firms (Local and Global) on the Basis of Revenue in IDR Billion,
2018- 2023E
Figure 15-11: Indonesia Financial Brokerage Market Segmentation and Projections by Type of Brokerage Firms (Local and Global) on the Basis of Revenue Contribution in
Percentage (%), 2018-2023E


List Of Table

Table 2-1: Indonesia Financial Brokerage Market Definitions Including Brokerage, Registered Brokers, Equity Investment Products, Debt Investment Products, Local
Brokerage Firms, Global Brokerage Firms, Market Size by Traded Value, Market Size by Frequency of Transactions, Traded Value of Equity, Traded Value of Debt,
Transaction Frequency of Equity, Transaction Frequency of Debt, Investment Products, Financial Full Service Brokerage, Financial Brokerage Online Market, Intraday
Market and Related Parties.
Table 2-2: Indonesia Financial Brokerage Market Abbreviations Used and Their Description
Table 2-3: Correlation Matrix for Indonesia Financial Brokerage Market, 2018
Table 2-4: Regression Coefficients Output for Indonesia Financial Brokerage Market, 2018
Table 4-1: Economic Analysis of Indonesia on the Basis of GDP, Current Account Deficit, Inflation, External Debt, Foreign Investment Flows, Foreign Exchange Reserves
and Population in age (15-64 years) as a Percentage (%) of Total Population
Table 4-2: Comparison with Emerging Asian Markets including Indonesia, Malaysia, Philippines, Thailand and India on the basis of GDP per capita Income in USD, Current
Account Deficit (% of GDP), Inflation (%), 10 year Government Bond Yield (in %), Country Rating by S&P, External Debt (% of GDP), Foreign Investment Inflow (% of
GDP), Market capitalization (% of GDP), Number of listed companies, Stock Value Traded (% of GDP), Trading Volume (USD Billion), Number of IDs (in Millions), Number of
Brokerage Firms Ease of Doing Business Rank, Global Competitiveness Rank, Infrastructure Rank and Population in age (15-64-years) as a % of total population, 2018
Table 5-1: Indonesia Financial Brokerage Market Introduction, Market Overview and Key Operating Parameters for Brokerage Firms, 2018
Table 5-2: Brokerage Firms in Indonesia Financial Brokerage Market with their Year of Establishment
Table 5-3: Average Revenue per Transaction of Equity and Debt Trading in IDR during 2015-18
Table 6-1: Indonesia Financial Brokerage Market Ecosystem including Brokerage Firms, Banks, Regulatory Bodies, Listed Companies and Investors, as of December 31st 2018
Table 7 1: Investor Profile on the basis of Gender, Age Group, Sharia Investors, Type of Investors, Investment Size, Active Investors and Distribution of Local
Investors in Indonesia Financial Brokerage Market, 2018
Table 7 2: Investor Profile in Indonesia Financial Brokerage Market on parameters including Gender (Proportion of Total SIDs), Age Group (Proportion of Total SIDs),
Number of Investors and Location, 2018
Table 7 3: Indonesia Financial Brokerage Market Size on the basis of Revenue, Value Traded and Frequency of transactions including Market Size (2013-2018), Market
Structure (2013-2015), Market Structure (2016-2018), Key Business Strategies and Mutual Funds Segment
Table 8-1: Indonesia Financial Brokerage Market Segmentation by Type of Investment Products (Equity and Debt) on the Basis of Revenue Generated, Traded Value and
Frequency of Transactions, 2013-2018
Table 8-2: Indonesia Financial Brokerage Market Segmentation by Type of Investment Products (Equity and Debt) on the Basis of Revenue Generated in IDR Billion, 2013-
2018
Table 8-3: Indonesia Financial Brokerage Market Segmentation by Type of Investment Products (Equity and Debt) on the Basis of Traded Value of Products in IDR Trillion,
2013-2018
Table 8-4: Indonesia Financial Brokerage Market Segmentation by Type of Investment Products (Equity and Debt) on the Basis of Frequency of Transactions in Thousands,
2013-2018
Table 8-5: Market Segmentation of Equity Segment of Indonesia Financial Brokerage Market, 2013-2018
Table 8-6: Market Segmentation of Debt Market Segment of Indonesia Financial Brokerage Market on the basis of Traded Volume of Type of Equity Instruments (Stocks,
Rights, Warrants, ETFs and REITs) in Billion, 2013-2018
Table 8-7: Market Segmentation of Debt Market Segment of Indonesia Financial Brokerage Market on the basis of Traded Value of Type of Equity Instruments (Stocks,
Rights, Warrants, ETFs and REITs) in IDR Billion, 2013-2018
Table 8-8: Segmentation of Stock Trading by Type of Investors (Domestic and Foreign) on the basis of Traded Volume, Traded Value and Frequency of Transactions, 2013-
2018
Table 8-9: Indonesia Financial Brokerage Market Segmentation of Stock Trading by Type of Investors (Domestic and Foreign) on the Basis of Traded Volume, Traded Value
and Frequency of Transactions in Percentage (%), 2013-2018
Table 8-10: Indonesia Financial Brokerage Market Segmentation of Stock Trading by Type of Investors (Domestic and Foreign) on the Basis of Traded Volume in Billion,
Traded Value in IDR Trillion and Frequency of Transactions in Thousand, 2013-2018
Table 8-11: Indonesia Financial Brokerage Market Segmentation of Stock Trading by Type of Trading market (Regular, Negotiated and Cash market) on the basis of Traded
Volume, Traded Value and Frequency of Transactions, 2013-2018
Table 8-12: Indonesia Financial Brokerage Market Segmentation of Stock Trading by Type of Trading market (Regular, Negotiated and Cash market) on the basis of Traded
Volume in Billion, 2013-2018
Table 8-13: Indonesia Financial Brokerage Market Segmentation of Stock Trading by Type of Trading market (Regular, Negotiated and Cash market) on the basis of Traded
Value in IDR Trillion, 2013-2018
Table 8-14: Indonesia Financial Brokerage Market Segmentation of Stock Trading by Type of Trading market (Regular, Negotiated and Cash market) on the basis of
Frequency of Transactions in Thousand, 2013-2018
Table 8-15: Market Segmentation of Debt Market Segment including Government Bonds and Corporate Bonds of Indonesia Financial Brokerage Market, 2013-2018
Table 8-16: Indonesia Financial Brokerage Market Segmentation of Debt Segment by Type of Bonds (Government and Corporate Bonds) on the basis of Traded Value in IDR
Trillion, 2013-2018
Table 8-17: Market Segmentation of Debt Market Segment on the basis of Type of Investors in Indonesia Financial Brokerage Market, 2013-2018
Table 8-18: Market Segmentation of Debt Market Segment of Indonesia Financial Brokerage Market on the basis of Traded Value by Type of Investor (Domestic and Foreign
Investor) in IDR Trillion, 2015-2018
Table 8-19: Market Segmentation of Indonesia Financial Brokerage Market on the basis of Type of Firms in Terms of Revenue in IDR Billion. 2015-2018
Table 8-20: Indonesia Financial Brokerage Market Segmentation on the basis of Type of Firms in terms of Revenue in IDR Billion. 2013-2018
Table 9-1: Snapshot on Sharia Financial market trading on parameters including Characteristics of Sharia Law, Online Trading, Proportion of Total Traded value, Number
of Sharia Investors, Growth Drivers and Challenges
Table 10-1: Recent Developments in Indonesia Financial Brokerage Market including T+2 Settlement Cycle, Stringent Capital Adequacy Norms, Short selling, Ease of
Listing Regulations and Ease of Regulations for Foreign Investment, 2018
Table 12-1: Major Challenges in Indonesia Financial Brokerage Market including Lack of Education, Quality of brokerage services, Issuance of Licenses to brokers, Lack
of New Investors, Shift to Mutual Funds Segment, Stiff Competition, Tedious task of opening accounts, Customer Retention and Loss of Investor Confidence, 2018
Table 13-1: Indonesia Financial Brokerage Market Consumer Decision Making Parameters Including Transaction Charges, Firm’s Reputation, Services Offered, Online Trading
Facility, Research and Advisory Services, Branch Network, Offers and Discounts, Financial Position of the Brokerage Firm and Other Factors
Table 13-2: Weightage Assigned by Type of Customers (Retail and Institutional) to different parameters affecting Customer Decision Making Process
Table 14-1: Competition Scenario in Indonesia Financial Brokerage Market Including Competition Stage, Company Positioning and Competing Parameters, 2018
Table 14-2: Competition Parameters adopted by Major Players in Indonesia Financial Brokerage Market, 2018
Table 14-3: Market Share of Major Players (Mirae Asset Sekuritas Indonesia, Valbury Sekuritas Indonesia, NH Korindo Sekuritas Indonesia,. Mandiri Sekuritas, Pacific
Sekuritas Indonesia, Indo Premier Sekuritas, OSO Sekuritas Indonesia, Ciptadana Sekuritas Asia, Yuanta Sekuritas Indonesia, CGS-CIMB Sekuritas Indonesia and Others) in
Indonesia Financial Brokerage Market on the basis of Stock Volume Traded in Billion, 2018
Table 14-4: Market Share of Major Players (Mandiri Sekuritas, Credit Suisse Sekuritas Indonesia, Mirae Asset Sekuritas Indonesia, UBS Sekuritas Indonesia, Macquarie
Sekuritas Indonesia, Morgan Stanley Sekuritas Indonesia, CGS-CIMB Sekuritas Indonesia, Citigroup Indonesia, Deutsche Sekuritas Indonesia, CLSA Sekuritas Indonesia and
Others) in Indonesia Financial Brokerage Market on the basis of Stock Traded Value in IDR Billion, 2018
Table 14-5: Market Share of Major Players (Mirae Asset Sekuritas Indonesia, Mandiri Sekuritas, Indo Premier Sekuritas, MNC Sekuritas, Philip Sekuritas, UBS Sekuritas
Indonesia, BNI Sekuritas, CGS-CIMB Sekuritas Indonesia, Deutsche Sekuritas Indonesia, Valbury Sekuritas Indonesia, Others) in Indonesia Financial Brokerage Market on
the basis of Frequency of Stock Transactions, 2018
Table 14-6: Market Share of Major Players (Mandiri Sekuritas, CGS-CIMB Sekuritas Indonesia, UBS Sekuritas Indonesia, Mirae Asset Sekuritas Indonesia, Indo Premier
Sekuritas, Yuanta Sekuritas Indonesia, Macquarie Sekuritas Indonesia, Valbury Sekuritas Indonesia, Trimegah Sekuritas Indonesia Tbk, Citigroup Indonesia and Others) in
Indonesia Financial Brokerage Market on the Basis of Revenues in Percentage (%) during 2015-2018.
Table 14-7: Market Share of Major Players (Mandiri Sekuritas, CGS-CIMB Sekuritas Indonesia, UBS Sekuritas Indonesia, Mirae Asset Sekuritas Indonesia, Indo Premier
Sekuritas, Yuanta Sekuritas Indonesia, Macquarie Sekuritas Indonesia, Valbury Sekuritas Indonesia, Trimegah Sekuritas Indonesia Tbk, Citigroup Indonesia and Others) in
Indonesia Financial Brokerage Market on the Basis of Revenues in IDR Billion during 2015-2018.
Table 14-8: Competitive Strengths and Weaknesses of Major Companies present in Indonesia Financial Brokerage Market including Mandiri Sekuritas, CGS-CIMB Sekuritas
Indonesia, Mirae Asset Sekuritas Indonesia, Indo Premier Sekuritas, Yuanta Sekuritas Indonesia, Valbury Sekuritas Indonesia and Trimegah Sekuritas Indonesia Tbk.
Table 14-9: Heat Map for All Major Players (Mandiri Sekuritas, CGS-CIMB Sekuritas Indonesia, UBS Sekuritas Indonesia, Mirae Asset Sekuritas Indonesia, Indo Premier
Sekuritas, Yuanta Sekuritas Indonesia, Macquarie Sekuritas Indonesia, Valbury Sekuritas Indonesia, Trimegah Sekuritas Indonesia Tbk and Citigroup Indonesia) on the
Basis of Target Audience and Online Trading Facility, 2018
Table 14-10: Heat Map for All Major Players (Mandiri Sekuritas, CGS-CIMB Sekuritas Indonesia, UBS Sekuritas Indonesia, Mirae Asset Sekuritas Indonesia, Indo Premier
Sekuritas, Yuanta Sekuritas Indonesia, Macquarie Sekuritas Indonesia, Valbury Sekuritas Indonesia, Trimegah Sekuritas Indonesia Tbk and Citigroup Indonesia) on the
Basis of Service Portfolio, 2018
Table 14-11: Cross Comparison of Major Companies in the Indonesia Financial Brokerage Market on the basis of Average Daily Stock Value Traded in IDR Billion, Average
Daily Stock Volume Traded in IDR Million and Average Brokerage Revenue per Transaction, 2018
Table 14-12: Cross Comparison of Major Companies Present in the Indonesia Financial Brokerage Market on the basis of Market share in Stock Volume Traded, Market share
in Stock Value Traded and Market share in Frequency of Stock Transactions, 2018
Table 14-13: Full Service Brokerage Charges for Stock Transactions in Indonesian Financial Brokerage Market, 2018
Table 14-14: Cross Comparison of Major Companies Present in the Indonesia Financial Brokerage Market on the basis of Transaction Charges for Online Stocks Trading
Facilities, 2018
Table 14-15: Cross Comparison of Major Companies operating in the Indonesia Financial Brokerage Market on the basis of Operating Income, Profit after Tax and Total
Revenue, 2018
Table 14-16: Cross Comparison of Major Companies Present in the Indonesia Financial Brokerage Market on the basis of Average NAWC in IDR Billion in 2017, Average NAWC
in IDR Billion in 2018, Working Capital Turnover Ratio in 2017and 2018
Table 14-17: Key Takeaways of the Net Adjusted Working Capital of the firms operating in Indonesian Financial Brokerage Market
Table 14-18: Cross Comparison of Major Companies Present in the Indonesia Financial Brokerage Market on the basis of Customer Base including Total Customers, Retail
Customers, Institutional Customers and Online Customers,
as of 31st December 2018
Table 14-19: Cross Comparison of Major Companies Present in the Indonesia Financial Brokerage Market on the basis of Total Direct Branches, Total Sales Executives,
Advertisement expenditure in IDR Million, 2018
Table 14-20: Company Profile of Mandiri Sekuritas including Company Overview, USP, Business Strategies, Major Services, Brokerage Charges based on transaction value
as of 31st December 2018, Stock Transaction Volume, Average Daily Transaction Value, Online Trading, Pricing Strategy, Marketing and Promotional Strategies, Number of
employees, Number of Customers, Recent Developments, Regional Presence, Key Revenue Streams, 2018, Minimum deposit of Initial Capital and Limit on Trading
Table 14-21: Company Profile of Indo Premier Securities including Company Overview, USP, Business Strategies, Major Services, Brokerage Charges based on transaction
value as of December 2018, Stock Transaction Volume, Average Daily Stock Transaction Value, Online Trading, Pricing Strategy, Number of Customers, Recent Developments,
Regional Presence, Key Revenue Streams, Minimum deposit of Initial Capital and Training Sessions.
Table 14-22: Company Profile of Valbury Sekuritas Indonesia including Company Overview, Major Services, Brokerage Charges based on transaction value as of December
2018, Stock Transaction Volume, Average Daily Stock Transaction Value, Online Trading, Promotional Strategies, Number of Employees, Number of Customers, Type of
customers, Research Services, Regional Presence, Revenue from Brokerage, Minimum deposit of Initial Capital and Limit on Trading
Table 14-23: Company Profile of Trimegah Sekuritas including Company Overview, Business Strategies, Major Services, Brokerage Charges based on transaction value as of
December 2018, Stock Transaction Volume, Average Daily Stock Transaction Value, Online Trading, Marketing and Promotional Strategies, Number of Employees, Number of
Customers, Recent Developments, Capital Expenditure, Regional Presence and Revenue from Brokerage Segment.
Table 14-24: Company Profile of CGS-CIMB Sekuritas Indonesia including Company Overview, USP, Business Strategies, Major Services, Brokerage Charges based on
transaction value as of December 2018, Stock Transaction Volume, Average Daily Stock Transaction Value, Online Trading, Marketing and Promotional Strategies, Number of
Employees, Number of Customers, Recent Developments, Regional Presence, Revenue from Brokerage Segment, Minimum deposit of Initial Capital and Limit on Trading.
Table 14-25: Company Profile of UBS Sekuritas Indonesia including Company Overview, USP, Major Services, Stock Transaction Volume, Average Daily Stock Transaction
value, Customer Description and Revenue from Brokerage Segment.
Table 14-26: Company Profile of Mirae Asset Sekuritas Indonesia including Company Overview, USP, Business Strategies, Major Services, Brokerage Charges based on
transaction value, Stock Transaction Volume, Average Daily Transaction Value, Online Trading, Marketing and Promotional Strategies, Number of Employees, Number of
Customers, Recent Developments, Regional Presence, Revenue Earned from Brokerage Segment, Minimum deposit of Initial Capital and Limit on Trading.
Table 14-27: Company Profile of Macquarie Sekuritas Indonesia including Company Overview, USP, Major Services, Brokerage Charges based on Transaction value, Stock
Transaction Volume, Average Daily Stock Transaction Value, Online Trading and Revenue from Brokerage Segment.
Table 14-28: Company Profile of Yuanta Sekuritas Indonesia including Company Overview, Business Strategies, Major Services, Brokerage Charges based on transaction
value, Stock Transaction Volume, Average Daily Stock Transaction Value, Online Trading, Number of Employees, Number of Customers, Regional Presence, Revenue from
Brokerage Segment, Minimum deposit of Initial Capital and Limit on Trading.
Table 14-29: Company Profile of Citigroup Indonesia including Company Overview, USP, Business Strategies, Major Services, Stock Transaction Volume, Average Daily Stock
Transaction Value and Revenue from Brokerage Segment.
Table 15-1: Indonesia Financial Brokerage Market Future Outlook and Projections by Revenues, Traded Value and Frequency of Transactions Including Key Future
Developments & Reasons for Change and Future Growth Opportunities, 2018– 2023E
Table 15-2: Indonesia Financial Brokerage Market Segmentation Future Outlook and Projections by Type of Investment Product (Equity and Debt) on the basis of Revenue,
Traded Value and Frequency of Transactions and CAGR in Percentage (%), 2023E
Table 15-3: Indonesia Financial Brokerage Market Segmentation Future Outlook and Projections by Type of Investment Product (Equity and Debt) on the basis of Revenue,
Contribution in IDR Billion and CAGR in Percentage (%), 2023E
Table 15-4: Indonesia Financial Brokerage Market Segmentation Future Outlook and Projections by Type of Investment Product (Equity and Debt) on the basis of Traded
Value in IDR Trillion and CAGR in Percentage (%), 2023E
Table 15-5: Indonesia Financial Brokerage Market Segmentation Future Outlook and Projections by Type of Investment Product (Equity and Debt) on the basis of Frequency
of Transactions in Thousands and CAGR in Percentage (%), 2023E
Table 15-6: Indonesia Financial Brokerage Market Segmentation Future Outlook and Projections by Type of Brokerage Firms (Local Firms and Global Firms) on the basis of
Revenue Contribution, 2018-2023E
Table 16-1: Targets set by Bank of Indonesia for Development of Financial Market in Three Phases (Strengthening Phase, Deepening Foundation Phase and Acceleration
Phase) on parameters including Additional New Issuers, Additional Investors (Securities and Mutual Fund Account Holder), Government Bond Turnover, Growth of Corporate
Bond Issuance Value in % per year, Growth of Corporate Sukuk Value in % per year, Structured Product Market Development (AUM growth) in % per year and Composition of
Derivatives (%) by 2024.
Table 16-2: Analyst Opinion on the Targets set by Bank of Indonesia for Development of Financial Markets, 2024
Table 18-1: Case Study of Zerodha’s Success in Indian Financial Brokerage Market involving parameters including Company Evolution, Challenges Faced by the Company,
Strategies Adopted to Mitigate Challenges, Company’s Current Position in Industry, Pricing Strategy, Future Plans and Conclusion.

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Products and Companies

Products

By Type of Investment Category:
Equity Investment
Stocks
Rights
Warrants
ETFs
REITs

Debt Investment Category
Government Bond
Corporate Bond

By Type of Brokerage Firms:
Local Firms
Global Firms


Companies

  • Mandiri Sekuritas
  • CGS-CIMB Sekuritas Indonesia
  • UBS Sekuritas Indonesia
  • Mirae Asset Sekuritas Indonesia
  • Indo Premier Sekuritas
  • Yuanta Sekuritas Indonesia
  • Macquarie Sekuritas Indonesia
  • Valbury Sekuritas Indonesia
  • Trimegah Sekuritas Indonesia Tbk
  • Citigroup Indonesia

The report titled "Indonesia Financial Brokerage Market Outlook to 2023 - By Equity and Debt Investments Traded Value, Revenue and Frequency of Transactions and By Local and Global Brokerage Firms" provides comprehensive information on the Indonesian Financial Brokerage market overview and genesis, Indonesia Financial Brokerage market segmentation by type of investment category on the basis of revenue contribution, traded value and frequency of transactions (equity and debt) and its sub types and by type of brokerage firms on the basis of revenue contribution (local firms and global firms). The report also covers market ecosystem, economic analysis of Indonesia and comparison with other Emerging economies of South-Asia, competitive landscape including company profiles and cross-comparison among market players on key operational, profitability, customer base and financial parameters, growth drivers, recent developments, issues and challenges, decision making criteria for customers while choosing a brokerage firm and snapshots on Investor profile in Indonesia and Sharia Capital Market Trading. The report concludes with future outlook of the financial brokerage industry in Indonesia and certain recommendations including success case study of Zerodha India Financial Brokerage Market highlighting the key strategies for entering and remaining profitable in the highly fragmented market.

Indonesia Financial Brokerage Market Overview and Size

Indonesia Financial Brokerage market was observed in a growing stage wherein the market experienced slow growth during the review period 2013-2018. During 2013-2015, a decline in growth rate was observed in Indonesia Financial Brokerage market due to the external factors of slowdown in Chinese economy, placing of restrictions on funds borrowing by the Federal Reserve and capital flight from Indonesia’s economy which led to increasing interest rates by the Bank of Indonesia. The phase also experienced presidential and parliamentary elections and continued low awareness among the investors regarding the financial markets. Despite the decline, the financial brokerage industry started recovering in 2016 and has been experiencing a positive CAGR growth till date. Major growth drivers include stable positive economic outlook of Indonesia, inflow of foreign investment, rising number of global strategic partnerships by the brokerage firms, low market capitalization and others.

Indonesia Financial Brokerage Market Segmentation

By Type of Investment Category (Equity and Debt): Equity Investment Category captured the majority of the market share in terms of revenue contribution and frequency of transactions in Indonesia during 2018 owing to the high liquidity level, increased investment by asset managers of Mutual Funds and rising number of IPOs in the country. In the equity investment category, stocks were the dominant category followed by Rights, Warrants, ETFs and REITs in terms of the revenue contribution to the industry. The remaining market share was captured by the debt investment category including government and corporate bonds during 2018.

By Type of Brokerage Firms (Local Firms and Global Firms)

During the year 2018, the industry revenue was dominated by the local brokerage firms owing to the established branch network, company’s reputation among domestic investors, competitive pricing for online trading and quality of services offered by the firms. However, the entry of global brokerage firms and the increasing level of foreign portfolio investment have been posing a challenge to the dominance of local brokerage firms.

Comparative Landscape in the Indonesia Financial Brokerage Market

The competitive landscape of the industry is characterized by highly fragmented market structure with 104 brokerage firms competing majorly on the basis of transaction charges, service portfolio, quality of services, firm’s reputation and online trading facilities for retail clients. Among the local brokerage firms, the leading player in the market is Mandiri Sekuritas in terms of revenue contribution to the industry whereas CGS-CIMB has the highest revenue market share among the global firms.

Indonesia Financial Brokerage Market Future Outlook and Projections

Over the forecast period 2018-2023, the Indonesia Financial Brokerage market is predicted to grow in terms of revenue because of the stable positive economic outlook of the country, improve in country’s rating, anticipated increase in the foreign portfolio investments, increasing penetration rate among the domestic investors, rising number of IPOs, capital requirements of the government for infrastructure building and the boom in mutual funds segment of the capital market.

By Type of Investment Category:

 Equity Investment

  •   Stocks
  •   Rights
  •   Warrants
  •   ETFs
  •   REITs

 Debt Investment Category

  • Government Bond
  • Corporate Bond

By Type of Brokerage Firms:

  • Local Firms
  • Global Firms

Time Period Captured in the Report:

  • Historical Period – 2013-2018
  • Forecast Period – 2018-2023

Companies Covered:

  • Mandiri Sekuritas
  • CGS-CIMB Sekuritas Indonesia
  • UBS Sekuritas Indonesia
  • Mirae Asset Sekuritas Indonesia
  • Indo Premier Sekuritas
  • Yuanta Sekuritas Indonesia
  • Macquarie Sekuritas Indonesia
  • Valbury Sekuritas Indonesia
  • Trimegah Sekuritas Indonesia Tbk
  • Citigroup Indonesia

Key Topics Covered in the Report

  • Economic Analysis of Indonesia
  • Cross Comparison of Indonesia with other South Asian Emerging Economies
  • Indonesia Financial Brokerage Market Ecosystem
  • Indonesia Financial Brokerage Market Overview and Genesis
  • Business Models in the Indonesia Financial Brokerage Market
  • Snapshot on Investor Profile in Indonesia Financial Brokerage Market.
  • Indonesia Financial Brokerage Market Size, 2013-2018
  • Indonesia Financial Brokerage Market Segmentation, 2013-2018
  • Snapshot on Sharia capital market Trading
  • Growth Drivers in the Indonesia Financial Brokerage Market
  • Recent Developments in the Indonesia Financial Brokerage Market
  • Issues and Challenges in the Indonesia Financial Brokerage Market
  • Customer decision making criteria in the Indonesia Financial Brokerage Market
  • Competitive Landscape in the Indonesia Financial Brokerage Market
  • Indonesia Financial Brokerage Market Future Outlook and Projections, 2019-2023
  • Analyst Recommendations in the Indonesia Financial Brokerage Market
  • Case Study of Zerodha’s success in Indian Financial Brokerage Market
READ MORE

Scope

1. Executive Summary

2. Research Methodology

2.1. Market Definitions
2.2. Abbreviations
2.3. Market Sizing and Modeling
General Approach for Market Sizing
Market Sizing – Indonesia Financial Brokerage Market
Variables (Dependent and Independent)
Multifactor Based Sensitivity Model
Regression Matrix
Limitations
Final Conclusion

3. Business Model in Indonesia Financial Brokerage Market
4. Economic Analysis of Indonesia and Comparison with other Emerging Asian Countries
5. Indonesia Financial Brokerage Market Overview and Genesis
6. Indonesia Financial Brokerage Market Ecosystem

7. Snapshot on Investor Profile in Indonesia Financial Brokerage Market

7.1. Indonesia Financial Brokerage Market Size (by Revenue, by Traded Value and by Frequency), 2013– 2018

8. Indonesia Financial Brokerage Market Segmentation, 2018
8.1. By Type of Investment Products (Equity and Debt), 2013-2018
On the Basis of Revenue Contribution
On the Basis of Traded Value of Products
On the Basis of Frequency of Transactions
8.1.1. Equity Market Segment, 2013-2018
On the basis of traded Volume by Type of Instruments, 2013-2018
On the basis of Traded value by Type of Instruments
Stock Trading by Type of Investors (Domestic and foreign investors)
Stock Trading by Type of Trading market (Regular, Negotiated and Cash market)
8.1.2. Bond Market Segment, 2013-2018
On the Basis of Traded Value by Type of Bonds, 2013-2018
On the Basis of Traded Value by Type of Investor, 2015-2018
8.2. By Type of Brokerage Firms (Local and Global Firms), 2015-2018

9. Snapshot on Sharia Financial Market Trading, 2013-2018
10. Recent Developments in Indonesia Financial Brokerage Market
11. Growth Drivers For Indonesia Financial Brokerage Market
Number of IPOs
Foreign Investment
Shift from bank based loans to raising financial market debt
Strategic Partnerships
Accelerator and Incubator board in IDX
Collaboration of IDX with Universities
Regulatory reforms for Sharia TradinG
Improvement in Country Rating

12. Market Challenges in Indonesia Financial Brokerage Market

13. Customer Decision Making Parameters In Indonesia Financial Brokerage Market, 2018

14. Competitive Landscape in Indonesia Financial Brokerage Market

14.1. Competition Scenario (Competition stage, Company Position and Competing Parameters), 2018
14.2. Market Share of Major Players of Indonesia Financial Brokerage Market, 2018
On the Basis of Stock Traded Volume, 2018
On the Basis of Stock Traded Value, 2018
On the Basis of Frequency of Stock Transactions, 2018
On the Basis of Revenue Contribution, 2015-2018
Market Share in Global Brokerage Firms on the basis of Revenue Contribution, 2015-2018
Market Share among Local Brokerage Firms by Revenue, 2015-2018
14.3. Strengths & Weaknesses of Major Players in Indonesia Financial Brokerage market
14.4. Cross- Comparison Matrix of Major Players in Indonesia Financial Brokerage Market, 2018
Operational Parameters (Average Daily Stock Value Traded, Average Daily Stock Volume Traded, Average Brokerage Revenue per Transaction), 2018
Pricing Table, 2018
Profitability Parameters, 2018
Net Adjusted Working Capital (NAWC), 2017-2018
Customer Base, 2018
Marketing Parameters, 2018
14.5. Company Profile Of Major Players In Indonesia Financial Brokerage Market
MANDIRI SEKURITAS
Indo Premier Securities
Valbury Sekuritas Indonesia
TRIMEGAH Sekuritas
CGS-CIMB Sekuritas Indonesia
UBS Sekuritas Indonesia
Mirae Asset Sekuritas Indonesia
Macquarie Sekuritas Indonesia
Yuanta Sekuritas Indonesia
PT. Citigroup Securities Indonesia

15. Indonesia Financial Brokerage Market Future Outlook and Projections, 2018– 2023E
15.1. Indonesia Financial Brokerage Market Segmentation By Type of Investment Product (Equity and Debt) on the basis of Revenue, Traded Value and Frequency of Transactions, 2023E
15.2. Indonesia Financial Brokerage Future Market Segmentation by Type of Brokerage Firms (Local Firms and Global Firms) on the basis of Revenue, 2023E

16. Targets set by Bank of Indonesia for Development of Financial Market BY 2024

17. Analyst Recommendations

17.1. For New Entrants
Entry strategy
Product portfolio of the new entrant
Unmatched Research and Advisory Services
17.2. For Existing Brokerage Firms
Establish Core Competencies In Different Segments
MItigating increased competition from global brokerage firms
One-Stop Solution Provider
Creating Customers for Tomorrow
IPO Dealing services
Changing the Pricing Structure

18. Zerodha’s Success Story in Indian Financial Brokerage Market

Disclaimer
Contact Us


List Of Figure

Figure 1-1: Flow Chart Depicting Indonesia Financial Brokerage Market Size and Major Segments, 2018
Figure 3-1: Revenue Streams of Brokerage Firms operating in Financial Brokerage Market
Figure 4-1: Gross Domestic Product of Indonesia in USD Billion, 2013 - 2018
Figure 4-2 Current Account Deficit of Indonesia as a Percentage of GDP (%), 2013 - 2018
Figure 4-3: Inflation Rate in Indonesia in Percentage (%), 2013 - 2018
Figure 4-4: Indonesia External Debt in USD Billion and as Percentage of GDP (%), 2013 - 2018
Figure 4-5: Indonesia Foreign Exchange Reserves in USD Billion and Proportion of External Debt as Percentage (%), 2013 - 2018
Figure 5-1: Business Cycle of Indonesia Financial Brokerage Market
Figure 5-2: GDP growth rate of Indonesia in (%), 1991 - 2018
Figure 7-1: Number of Registered Single Investor Identification (SIDs in Thousands in Indonesia Financial market, 31st December 2013-31st December 2018
Figure 7-2: Number of Equity Investors, in Thousands, 31st December 2015- 31st December 2018
Figure 7-3: Number of Daily Active Investors, in Thousands, 31st December 2015- - 31st December 2018
Figure 7-4: Indonesia Financial Brokerage Market Size on the Basis of Revenue in IDR Billion and Growth Rate in Percentage (%), 2013 - 2018
Figure 7-5: Indonesia Financial Brokerage Market Size on the Basis of Traded Value of Equity including stocks, rights, warrants, ETFs and REITs and Fixed Income
Products including Corporate and Government Bonds in IDR Trillion, 2013-2018
Figure 7-6: Indonesia Financial Brokerage Market Size on the Basis of Frequency of Transactions of Equity and Fixed Income Products including stocks, rights, warrants,
REITs, ETFs, Corporate and Government bonds in Million, 2013-2018
Figure 7-7: Market Capitalization to GDP Ratio in Indonesia Financial Market, 2013-2018
Figure 8-1: Indonesia Financial Brokerage Market Segmentation by Type of Investment Products (Equity and Debt) on the Basis of Revenue Generated in Percentage (%),
2013-2018
Figure 8-2: Indonesia Financial Brokerage Market Segmentation by Type of Investment Products (Equity and Debt) on the Basis of Traded Value of Products in Percentage
(%) 2013-2018
Figure 8-3: Indonesia Financial Brokerage Market Segmentation by Type of Investment Products (Equity and Debt) on the Basis of Frequency Transactions in Percentage
(%), 2013-2018
Figure 8-4: Equity Segment of Indonesia Financial Brokerage Market on the basis of Total Traded Volume in Billion, 2013-2018
Figure 8-5: Equity Segment of Indonesia Financial Brokerage Market on the basis of Total Traded Value in IDR Trillion, 2013-2018
Figure 8-6: Indonesia Financial Brokerage Market Segmentation of Stock Trading Type of Trading market (Regular, Negotiated and Cash market) on the basis of Traded
Volume in Percentage (%), 2013-2018
Figure 8-7: Indonesia Financial Brokerage Market Segmentation of Stock Trading Type of Trading market (Regular, Negotiated and Cash market) on the basis of Traded
Value in Percentage (%), 2013-2018
Figure 8-8: Indonesia Financial Brokerage Market Segmentation of Stock Trading Type of Trading market (Regular, Negotiated and Cash market) on the basis of Frequency
of Transactions in Percentage (%), 2013-2018
Figure 8-9: Market Segmentation of Debt Market Segment of Indonesia Financial Brokerage Market on the basis of Traded Value of Type of Bonds (Government and Corporate
Bonds) in Percentage (%), 2013-2018
Figure 8-10: Indonesia Financial Brokerage Market Segmentation by Type of Investor (Domestic and Foreign) on the basis of Traded Value of Debt in Percentage (%), 2015
-2018
Figure 8-11: Market Segmentation of Indonesia Financial Brokerage Market on the basis of Type of Firms in terms of Revenue in IDR Billion. 2013-2018
Figure 9-1: Number of Sharia Investors in Indonesia Financial Market, 31st December 2015 - 31st December 2018
Figure 9-2: Sharia Stock Trading Value in IDR Billion, 2013-2018
Figure 11-1: Number of IPOs in Indonesia Financial market, 2013-2018
Figure 11-2: Foreign Investment Inflows in Indonesia in USD Billion, 2013-2017
Figure 11-3: Outstanding Loan Amount of Commercial Banks as a Percentage of GDP, 2013-2017
Figure 14-1: Market Share of Major Players (Mirae Asset Sekuritas Indonesia, Valbury Sekuritas Indonesia, NH Korindo Sekuritas Indonesia, Mandiri Sekuritas, Pacific
Sekuritas Indonesia, Indo Premier Sekuritas, OSO Sekuritas Indonesia, Ciptadana Sekuritas Asia, Yuanta Sekuritas Indonesia, CGS-CIMB Sekuritas Indonesia and Others) in
Indonesia Financial Brokerage Market on the basis of Stock Volume Traded in Percentage (%), 2018
Figure 14-2: Indonesia Financial Brokerage Market Share of Major Players (Mandiri Sekuritas, Credit Suisse Sekuritas Indonesia, Mirae Asset Sekuritas Indonesia, UBS
Sekuritas Indonesia, Macquarie Sekuritas Indonesia, Morgan Stanley Sekuritas Indonesia, CGS-CIMB Sekuritas Indonesia, Citigroup Indonesia, Deutsche Sekuritas
Indonesia, CLSA Sekuritas Indonesia and Others) on the basis of Stock Traded Value in Percentage (%), 2018
Figure 14-3: Market Share of Major Players (Mirae Asset Sekuritas Indonesia, Mandiri Sekuritas, Indo Premier Sekuritas, MNC Sekuritas, Philip Sekuritas, UBS Sekuritas
Indonesia, BNI Sekuritas, CGS-CIMB Sekuritas Indonesia, Deutsche Sekuritas Indonesia, Valbury Sekuritas Indonesia, Others) in Indonesia Financial Brokerage Market on
the basis of Frequency of Stock Transactions in Percentage (%), 2018
Figure 14-4: Market Share of Major Players (Mandiri Sekuritas, CGS-CIMB Sekuritas Indonesia, UBS Sekuritas Indonesia, Mirae Asset Sekuritas Indonesia, Indo Premier
Sekuritas, Yuanta Sekuritas Indonesia, Macquarie Sekuritas Indonesia, Valbury Sekuritas Indonesia, Trimegah Sekuritas Indonesia Tbk, Citigroup Indonesia and Others) in
Indonesia Financial Brokerage Market on the Basis of Revenues in Percentage (%), 2018
Figure 14-5: Market Share in Global Brokerage Firms (CGS-CIMB Sekuritas Indonesia, UBS Sekuritas Indonesia, Mirae Asset Sekuritas Indonesia, Yuanta Sekuritas
Indonesia, Macquarie Sekuritas Indonesia, Citigroup Indonesia and Others) in Indonesia Financial Brokerage Market on the Basis of Revenues in Percentage (%), 2018
Figure 14-6: Indonesia Financial Brokerage Market Share among Global Brokerage Firms (CGS-CIMB Sekuritas Indonesia, UBS Sekuritas Indonesia, Mirae Asset Sekuritas
Indonesia, Yuanta Sekuritas Indonesia, Macquarie Sekuritas Indonesia, Citigroup Indonesia and Others) on the Basis of Revenue in Percentage (%) during 2015-2018
Figure 14-7: Indonesia Financial Brokerage Market Share among Global Brokerage Firms (CGS-CIMB Sekuritas Indonesia, UBS Sekuritas Indonesia, Mirae Asset Sekuritas
Indonesia, Yuanta Sekuritas Indonesia, Macquarie Sekuritas Indonesia, Citigroup Indonesia and Others) on the Basis of Revenue in IDR Billion during 2015-2018
Figure 14-8: Indonesia Financial Brokerage Market Share among Local Brokerage Firms (Mandiri Sekuritas, Indo Premier Sekuritas, Valbury Sekuritas Indonesia, Trimegah
Sekuritas Indonesia Tbk and Others) on the Basis of Revenue Generated in Percentage (%), 2018
Figure 14-9: Indonesia Financial Brokerage Market Share among Local Brokerage Firms (Mandiri Sekuritas, Indo Premier Sekuritas, Valbury Sekuritas Indonesia, Trimegah
Sekuritas Indonesia Tbk and Others) on the Basis of Revenue in Percentage (%) during 2015-2018
Figure 14-10: Indonesia Financial Brokerage Market Share among Local Brokerage Firms (Mandiri Sekuritas, Indo Premier Sekuritas, Valbury Sekuritas Indonesia, Trimegah
Sekuritas Indonesia Tbk and Others) on the Basis of Revenue in IDR Billion during 2015-2018
Figure 14-11: Cross Comparison among Major Players on the basis of Market Share in Stock Traded Volume, Market share in Stock Traded Value and Frequency of
Transactions, 2018
Figure 14-12: Cross comparison of Major Players in Indonesia Financial Brokerage Market on the basis of PAT Margin in Percentage (%), 2018
Figure 14-13: Revenue Generated From Brokerage Activities by Mandiri Sekuritas in IDR Billion, 2015-2018
Figure 14-14: Mandiri Sekuritas Client Base in terms of Number of Accounts of Retail Clients, 2014-2018
Figure 14-15: Number of Registered Online Customer Accounts of Mandiri Sekuritas, 2014-2018
Figure 14-16: Revenue earned from Brokerage Activities by Indo Premier Securities in IDR Billion, 2015-2018
Figure 14-17: Revenue earned from Brokerage Activities in IDR Billion by Valbury Sekuritas Indonesia, 2015-2018
Figure 14-18: Revenue Earned from Brokerage Activities by Trimegah Sekuritas in IDR Billion, 2015-2018
Figure 14-19: Revenue earned from Brokerage Activities by CGS-CIMB Securities in IDR Billion, 2015-2018
Figure 14-20: Revenue Earned from Brokerage Activities by UBS Sekuritas in IDR Billion, 2015-2018
Figure 14-21: Revenue Earned from Brokerage Activities by Mirae Asset Sekuritas in Indonesia in IDR Billion, 2015-2018
Figure 14-22: Revenue Earned from Brokerage Activities by Macquarie Sekuritas Indonesia in IDR Billion, 2015-2018
Figure 14-23: Revenue Earned from Brokerage Activities by Yuanta Sekuritas Indonesia in IDR Billion, 2015-2018
Figure 14-24: Revenue Earned from Brokerage Activities by Citigroup Securities Indonesia in IDR Billion, 2015-2018
Figure 15-1: Indonesia Financial Brokerage Market Future Projections by Revenues in IDR Billion and Growth Rate in Percentage (%), 2018-2023E
Figure 15-2: Indonesia Financial Brokerage Market Future Projections by Traded Value in IDR Trillion and Growth Rate in Percentage (%), 2018- 2023E
Figure 15-3: Indonesia Financial Brokerage Market Future Outlook and Projections by Frequency of Transactions in Thousands and Growth Rate in Percentage (%), 2019E-
2023E
Figure 15-4: Indonesia Financial Brokerage Market Segmentation and Projections by Type of Investments (Equity and Debt) on the Basis of Revenue in IDR Billion, 2018-
2023E
Figure 15-5: Indonesia Financial Brokerage Market Segmentation and Projections by Type of Investments (Equity and Debt) on the Basis of Revenue Contribution in
Percentage (%), 2018-2023E
Figure 15-6: Indonesia Financial Brokerage Market Segmentation and Projections by Type of Investments (Equity and Debt) on the Basis of Traded Value in IDR Trillion,
2018- 2023E
Figure 15-7: Indonesia Financial Brokerage Market Segmentation and Projections by Type of Investments (Equity and Debt) on the Basis of Traded Value in Percentage (%),
2018-2023E
Figure 15-8: Indonesia Financial Brokerage Market Segmentation and Projections by Type of Investments (Equity and Debt) on the Basis of Frequency Transactions in
Thousands, 2018- 2023E
Figure 15-9: Indonesia Financial Brokerage Market Segmentation and Projections by Type of Investments (Equity and Debt) on the Basis of Frequency Transactions in
Percentage (%), 2018-2023E
Figure 15-10: Indonesia Financial Brokerage Market Segmentation and Projections by Type of Brokerage Firms (Local and Global) on the Basis of Revenue in IDR Billion,
2018- 2023E
Figure 15-11: Indonesia Financial Brokerage Market Segmentation and Projections by Type of Brokerage Firms (Local and Global) on the Basis of Revenue Contribution in
Percentage (%), 2018-2023E


List Of Table

Table 2-1: Indonesia Financial Brokerage Market Definitions Including Brokerage, Registered Brokers, Equity Investment Products, Debt Investment Products, Local
Brokerage Firms, Global Brokerage Firms, Market Size by Traded Value, Market Size by Frequency of Transactions, Traded Value of Equity, Traded Value of Debt,
Transaction Frequency of Equity, Transaction Frequency of Debt, Investment Products, Financial Full Service Brokerage, Financial Brokerage Online Market, Intraday
Market and Related Parties.
Table 2-2: Indonesia Financial Brokerage Market Abbreviations Used and Their Description
Table 2-3: Correlation Matrix for Indonesia Financial Brokerage Market, 2018
Table 2-4: Regression Coefficients Output for Indonesia Financial Brokerage Market, 2018
Table 4-1: Economic Analysis of Indonesia on the Basis of GDP, Current Account Deficit, Inflation, External Debt, Foreign Investment Flows, Foreign Exchange Reserves
and Population in age (15-64 years) as a Percentage (%) of Total Population
Table 4-2: Comparison with Emerging Asian Markets including Indonesia, Malaysia, Philippines, Thailand and India on the basis of GDP per capita Income in USD, Current
Account Deficit (% of GDP), Inflation (%), 10 year Government Bond Yield (in %), Country Rating by S&P, External Debt (% of GDP), Foreign Investment Inflow (% of
GDP), Market capitalization (% of GDP), Number of listed companies, Stock Value Traded (% of GDP), Trading Volume (USD Billion), Number of IDs (in Millions), Number of
Brokerage Firms Ease of Doing Business Rank, Global Competitiveness Rank, Infrastructure Rank and Population in age (15-64-years) as a % of total population, 2018
Table 5-1: Indonesia Financial Brokerage Market Introduction, Market Overview and Key Operating Parameters for Brokerage Firms, 2018
Table 5-2: Brokerage Firms in Indonesia Financial Brokerage Market with their Year of Establishment
Table 5-3: Average Revenue per Transaction of Equity and Debt Trading in IDR during 2015-18
Table 6-1: Indonesia Financial Brokerage Market Ecosystem including Brokerage Firms, Banks, Regulatory Bodies, Listed Companies and Investors, as of December 31st 2018
Table 7 1: Investor Profile on the basis of Gender, Age Group, Sharia Investors, Type of Investors, Investment Size, Active Investors and Distribution of Local
Investors in Indonesia Financial Brokerage Market, 2018
Table 7 2: Investor Profile in Indonesia Financial Brokerage Market on parameters including Gender (Proportion of Total SIDs), Age Group (Proportion of Total SIDs),
Number of Investors and Location, 2018
Table 7 3: Indonesia Financial Brokerage Market Size on the basis of Revenue, Value Traded and Frequency of transactions including Market Size (2013-2018), Market
Structure (2013-2015), Market Structure (2016-2018), Key Business Strategies and Mutual Funds Segment
Table 8-1: Indonesia Financial Brokerage Market Segmentation by Type of Investment Products (Equity and Debt) on the Basis of Revenue Generated, Traded Value and
Frequency of Transactions, 2013-2018
Table 8-2: Indonesia Financial Brokerage Market Segmentation by Type of Investment Products (Equity and Debt) on the Basis of Revenue Generated in IDR Billion, 2013-
2018
Table 8-3: Indonesia Financial Brokerage Market Segmentation by Type of Investment Products (Equity and Debt) on the Basis of Traded Value of Products in IDR Trillion,
2013-2018
Table 8-4: Indonesia Financial Brokerage Market Segmentation by Type of Investment Products (Equity and Debt) on the Basis of Frequency of Transactions in Thousands,
2013-2018
Table 8-5: Market Segmentation of Equity Segment of Indonesia Financial Brokerage Market, 2013-2018
Table 8-6: Market Segmentation of Debt Market Segment of Indonesia Financial Brokerage Market on the basis of Traded Volume of Type of Equity Instruments (Stocks,
Rights, Warrants, ETFs and REITs) in Billion, 2013-2018
Table 8-7: Market Segmentation of Debt Market Segment of Indonesia Financial Brokerage Market on the basis of Traded Value of Type of Equity Instruments (Stocks,
Rights, Warrants, ETFs and REITs) in IDR Billion, 2013-2018
Table 8-8: Segmentation of Stock Trading by Type of Investors (Domestic and Foreign) on the basis of Traded Volume, Traded Value and Frequency of Transactions, 2013-
2018
Table 8-9: Indonesia Financial Brokerage Market Segmentation of Stock Trading by Type of Investors (Domestic and Foreign) on the Basis of Traded Volume, Traded Value
and Frequency of Transactions in Percentage (%), 2013-2018
Table 8-10: Indonesia Financial Brokerage Market Segmentation of Stock Trading by Type of Investors (Domestic and Foreign) on the Basis of Traded Volume in Billion,
Traded Value in IDR Trillion and Frequency of Transactions in Thousand, 2013-2018
Table 8-11: Indonesia Financial Brokerage Market Segmentation of Stock Trading by Type of Trading market (Regular, Negotiated and Cash market) on the basis of Traded
Volume, Traded Value and Frequency of Transactions, 2013-2018
Table 8-12: Indonesia Financial Brokerage Market Segmentation of Stock Trading by Type of Trading market (Regular, Negotiated and Cash market) on the basis of Traded
Volume in Billion, 2013-2018
Table 8-13: Indonesia Financial Brokerage Market Segmentation of Stock Trading by Type of Trading market (Regular, Negotiated and Cash market) on the basis of Traded
Value in IDR Trillion, 2013-2018
Table 8-14: Indonesia Financial Brokerage Market Segmentation of Stock Trading by Type of Trading market (Regular, Negotiated and Cash market) on the basis of
Frequency of Transactions in Thousand, 2013-2018
Table 8-15: Market Segmentation of Debt Market Segment including Government Bonds and Corporate Bonds of Indonesia Financial Brokerage Market, 2013-2018
Table 8-16: Indonesia Financial Brokerage Market Segmentation of Debt Segment by Type of Bonds (Government and Corporate Bonds) on the basis of Traded Value in IDR
Trillion, 2013-2018
Table 8-17: Market Segmentation of Debt Market Segment on the basis of Type of Investors in Indonesia Financial Brokerage Market, 2013-2018
Table 8-18: Market Segmentation of Debt Market Segment of Indonesia Financial Brokerage Market on the basis of Traded Value by Type of Investor (Domestic and Foreign
Investor) in IDR Trillion, 2015-2018
Table 8-19: Market Segmentation of Indonesia Financial Brokerage Market on the basis of Type of Firms in Terms of Revenue in IDR Billion. 2015-2018
Table 8-20: Indonesia Financial Brokerage Market Segmentation on the basis of Type of Firms in terms of Revenue in IDR Billion. 2013-2018
Table 9-1: Snapshot on Sharia Financial market trading on parameters including Characteristics of Sharia Law, Online Trading, Proportion of Total Traded value, Number
of Sharia Investors, Growth Drivers and Challenges
Table 10-1: Recent Developments in Indonesia Financial Brokerage Market including T+2 Settlement Cycle, Stringent Capital Adequacy Norms, Short selling, Ease of
Listing Regulations and Ease of Regulations for Foreign Investment, 2018
Table 12-1: Major Challenges in Indonesia Financial Brokerage Market including Lack of Education, Quality of brokerage services, Issuance of Licenses to brokers, Lack
of New Investors, Shift to Mutual Funds Segment, Stiff Competition, Tedious task of opening accounts, Customer Retention and Loss of Investor Confidence, 2018
Table 13-1: Indonesia Financial Brokerage Market Consumer Decision Making Parameters Including Transaction Charges, Firm’s Reputation, Services Offered, Online Trading
Facility, Research and Advisory Services, Branch Network, Offers and Discounts, Financial Position of the Brokerage Firm and Other Factors
Table 13-2: Weightage Assigned by Type of Customers (Retail and Institutional) to different parameters affecting Customer Decision Making Process
Table 14-1: Competition Scenario in Indonesia Financial Brokerage Market Including Competition Stage, Company Positioning and Competing Parameters, 2018
Table 14-2: Competition Parameters adopted by Major Players in Indonesia Financial Brokerage Market, 2018
Table 14-3: Market Share of Major Players (Mirae Asset Sekuritas Indonesia, Valbury Sekuritas Indonesia, NH Korindo Sekuritas Indonesia,. Mandiri Sekuritas, Pacific
Sekuritas Indonesia, Indo Premier Sekuritas, OSO Sekuritas Indonesia, Ciptadana Sekuritas Asia, Yuanta Sekuritas Indonesia, CGS-CIMB Sekuritas Indonesia and Others) in
Indonesia Financial Brokerage Market on the basis of Stock Volume Traded in Billion, 2018
Table 14-4: Market Share of Major Players (Mandiri Sekuritas, Credit Suisse Sekuritas Indonesia, Mirae Asset Sekuritas Indonesia, UBS Sekuritas Indonesia, Macquarie
Sekuritas Indonesia, Morgan Stanley Sekuritas Indonesia, CGS-CIMB Sekuritas Indonesia, Citigroup Indonesia, Deutsche Sekuritas Indonesia, CLSA Sekuritas Indonesia and
Others) in Indonesia Financial Brokerage Market on the basis of Stock Traded Value in IDR Billion, 2018
Table 14-5: Market Share of Major Players (Mirae Asset Sekuritas Indonesia, Mandiri Sekuritas, Indo Premier Sekuritas, MNC Sekuritas, Philip Sekuritas, UBS Sekuritas
Indonesia, BNI Sekuritas, CGS-CIMB Sekuritas Indonesia, Deutsche Sekuritas Indonesia, Valbury Sekuritas Indonesia, Others) in Indonesia Financial Brokerage Market on
the basis of Frequency of Stock Transactions, 2018
Table 14-6: Market Share of Major Players (Mandiri Sekuritas, CGS-CIMB Sekuritas Indonesia, UBS Sekuritas Indonesia, Mirae Asset Sekuritas Indonesia, Indo Premier
Sekuritas, Yuanta Sekuritas Indonesia, Macquarie Sekuritas Indonesia, Valbury Sekuritas Indonesia, Trimegah Sekuritas Indonesia Tbk, Citigroup Indonesia and Others) in
Indonesia Financial Brokerage Market on the Basis of Revenues in Percentage (%) during 2015-2018.
Table 14-7: Market Share of Major Players (Mandiri Sekuritas, CGS-CIMB Sekuritas Indonesia, UBS Sekuritas Indonesia, Mirae Asset Sekuritas Indonesia, Indo Premier
Sekuritas, Yuanta Sekuritas Indonesia, Macquarie Sekuritas Indonesia, Valbury Sekuritas Indonesia, Trimegah Sekuritas Indonesia Tbk, Citigroup Indonesia and Others) in
Indonesia Financial Brokerage Market on the Basis of Revenues in IDR Billion during 2015-2018.
Table 14-8: Competitive Strengths and Weaknesses of Major Companies present in Indonesia Financial Brokerage Market including Mandiri Sekuritas, CGS-CIMB Sekuritas
Indonesia, Mirae Asset Sekuritas Indonesia, Indo Premier Sekuritas, Yuanta Sekuritas Indonesia, Valbury Sekuritas Indonesia and Trimegah Sekuritas Indonesia Tbk.
Table 14-9: Heat Map for All Major Players (Mandiri Sekuritas, CGS-CIMB Sekuritas Indonesia, UBS Sekuritas Indonesia, Mirae Asset Sekuritas Indonesia, Indo Premier
Sekuritas, Yuanta Sekuritas Indonesia, Macquarie Sekuritas Indonesia, Valbury Sekuritas Indonesia, Trimegah Sekuritas Indonesia Tbk and Citigroup Indonesia) on the
Basis of Target Audience and Online Trading Facility, 2018
Table 14-10: Heat Map for All Major Players (Mandiri Sekuritas, CGS-CIMB Sekuritas Indonesia, UBS Sekuritas Indonesia, Mirae Asset Sekuritas Indonesia, Indo Premier
Sekuritas, Yuanta Sekuritas Indonesia, Macquarie Sekuritas Indonesia, Valbury Sekuritas Indonesia, Trimegah Sekuritas Indonesia Tbk and Citigroup Indonesia) on the
Basis of Service Portfolio, 2018
Table 14-11: Cross Comparison of Major Companies in the Indonesia Financial Brokerage Market on the basis of Average Daily Stock Value Traded in IDR Billion, Average
Daily Stock Volume Traded in IDR Million and Average Brokerage Revenue per Transaction, 2018
Table 14-12: Cross Comparison of Major Companies Present in the Indonesia Financial Brokerage Market on the basis of Market share in Stock Volume Traded, Market share
in Stock Value Traded and Market share in Frequency of Stock Transactions, 2018
Table 14-13: Full Service Brokerage Charges for Stock Transactions in Indonesian Financial Brokerage Market, 2018
Table 14-14: Cross Comparison of Major Companies Present in the Indonesia Financial Brokerage Market on the basis of Transaction Charges for Online Stocks Trading
Facilities, 2018
Table 14-15: Cross Comparison of Major Companies operating in the Indonesia Financial Brokerage Market on the basis of Operating Income, Profit after Tax and Total
Revenue, 2018
Table 14-16: Cross Comparison of Major Companies Present in the Indonesia Financial Brokerage Market on the basis of Average NAWC in IDR Billion in 2017, Average NAWC
in IDR Billion in 2018, Working Capital Turnover Ratio in 2017and 2018
Table 14-17: Key Takeaways of the Net Adjusted Working Capital of the firms operating in Indonesian Financial Brokerage Market
Table 14-18: Cross Comparison of Major Companies Present in the Indonesia Financial Brokerage Market on the basis of Customer Base including Total Customers, Retail
Customers, Institutional Customers and Online Customers,
as of 31st December 2018
Table 14-19: Cross Comparison of Major Companies Present in the Indonesia Financial Brokerage Market on the basis of Total Direct Branches, Total Sales Executives,
Advertisement expenditure in IDR Million, 2018
Table 14-20: Company Profile of Mandiri Sekuritas including Company Overview, USP, Business Strategies, Major Services, Brokerage Charges based on transaction value
as of 31st December 2018, Stock Transaction Volume, Average Daily Transaction Value, Online Trading, Pricing Strategy, Marketing and Promotional Strategies, Number of
employees, Number of Customers, Recent Developments, Regional Presence, Key Revenue Streams, 2018, Minimum deposit of Initial Capital and Limit on Trading
Table 14-21: Company Profile of Indo Premier Securities including Company Overview, USP, Business Strategies, Major Services, Brokerage Charges based on transaction
value as of December 2018, Stock Transaction Volume, Average Daily Stock Transaction Value, Online Trading, Pricing Strategy, Number of Customers, Recent Developments,
Regional Presence, Key Revenue Streams, Minimum deposit of Initial Capital and Training Sessions.
Table 14-22: Company Profile of Valbury Sekuritas Indonesia including Company Overview, Major Services, Brokerage Charges based on transaction value as of December
2018, Stock Transaction Volume, Average Daily Stock Transaction Value, Online Trading, Promotional Strategies, Number of Employees, Number of Customers, Type of
customers, Research Services, Regional Presence, Revenue from Brokerage, Minimum deposit of Initial Capital and Limit on Trading
Table 14-23: Company Profile of Trimegah Sekuritas including Company Overview, Business Strategies, Major Services, Brokerage Charges based on transaction value as of
December 2018, Stock Transaction Volume, Average Daily Stock Transaction Value, Online Trading, Marketing and Promotional Strategies, Number of Employees, Number of
Customers, Recent Developments, Capital Expenditure, Regional Presence and Revenue from Brokerage Segment.
Table 14-24: Company Profile of CGS-CIMB Sekuritas Indonesia including Company Overview, USP, Business Strategies, Major Services, Brokerage Charges based on
transaction value as of December 2018, Stock Transaction Volume, Average Daily Stock Transaction Value, Online Trading, Marketing and Promotional Strategies, Number of
Employees, Number of Customers, Recent Developments, Regional Presence, Revenue from Brokerage Segment, Minimum deposit of Initial Capital and Limit on Trading.
Table 14-25: Company Profile of UBS Sekuritas Indonesia including Company Overview, USP, Major Services, Stock Transaction Volume, Average Daily Stock Transaction
value, Customer Description and Revenue from Brokerage Segment.
Table 14-26: Company Profile of Mirae Asset Sekuritas Indonesia including Company Overview, USP, Business Strategies, Major Services, Brokerage Charges based on
transaction value, Stock Transaction Volume, Average Daily Transaction Value, Online Trading, Marketing and Promotional Strategies, Number of Employees, Number of
Customers, Recent Developments, Regional Presence, Revenue Earned from Brokerage Segment, Minimum deposit of Initial Capital and Limit on Trading.
Table 14-27: Company Profile of Macquarie Sekuritas Indonesia including Company Overview, USP, Major Services, Brokerage Charges based on Transaction value, Stock
Transaction Volume, Average Daily Stock Transaction Value, Online Trading and Revenue from Brokerage Segment.
Table 14-28: Company Profile of Yuanta Sekuritas Indonesia including Company Overview, Business Strategies, Major Services, Brokerage Charges based on transaction
value, Stock Transaction Volume, Average Daily Stock Transaction Value, Online Trading, Number of Employees, Number of Customers, Regional Presence, Revenue from
Brokerage Segment, Minimum deposit of Initial Capital and Limit on Trading.
Table 14-29: Company Profile of Citigroup Indonesia including Company Overview, USP, Business Strategies, Major Services, Stock Transaction Volume, Average Daily Stock
Transaction Value and Revenue from Brokerage Segment.
Table 15-1: Indonesia Financial Brokerage Market Future Outlook and Projections by Revenues, Traded Value and Frequency of Transactions Including Key Future
Developments & Reasons for Change and Future Growth Opportunities, 2018– 2023E
Table 15-2: Indonesia Financial Brokerage Market Segmentation Future Outlook and Projections by Type of Investment Product (Equity and Debt) on the basis of Revenue,
Traded Value and Frequency of Transactions and CAGR in Percentage (%), 2023E
Table 15-3: Indonesia Financial Brokerage Market Segmentation Future Outlook and Projections by Type of Investment Product (Equity and Debt) on the basis of Revenue,
Contribution in IDR Billion and CAGR in Percentage (%), 2023E
Table 15-4: Indonesia Financial Brokerage Market Segmentation Future Outlook and Projections by Type of Investment Product (Equity and Debt) on the basis of Traded
Value in IDR Trillion and CAGR in Percentage (%), 2023E
Table 15-5: Indonesia Financial Brokerage Market Segmentation Future Outlook and Projections by Type of Investment Product (Equity and Debt) on the basis of Frequency
of Transactions in Thousands and CAGR in Percentage (%), 2023E
Table 15-6: Indonesia Financial Brokerage Market Segmentation Future Outlook and Projections by Type of Brokerage Firms (Local Firms and Global Firms) on the basis of
Revenue Contribution, 2018-2023E
Table 16-1: Targets set by Bank of Indonesia for Development of Financial Market in Three Phases (Strengthening Phase, Deepening Foundation Phase and Acceleration
Phase) on parameters including Additional New Issuers, Additional Investors (Securities and Mutual Fund Account Holder), Government Bond Turnover, Growth of Corporate
Bond Issuance Value in % per year, Growth of Corporate Sukuk Value in % per year, Structured Product Market Development (AUM growth) in % per year and Composition of
Derivatives (%) by 2024.
Table 16-2: Analyst Opinion on the Targets set by Bank of Indonesia for Development of Financial Markets, 2024
Table 18-1: Case Study of Zerodha’s Success in Indian Financial Brokerage Market involving parameters including Company Evolution, Challenges Faced by the Company,
Strategies Adopted to Mitigate Challenges, Company’s Current Position in Industry, Pricing Strategy, Future Plans and Conclusion.

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Products

By Type of Investment Category:
Equity Investment
Stocks
Rights
Warrants
ETFs
REITs

Debt Investment Category
Government Bond
Corporate Bond

By Type of Brokerage Firms:
Local Firms
Global Firms


Companies

  • Mandiri Sekuritas
  • CGS-CIMB Sekuritas Indonesia
  • UBS Sekuritas Indonesia
  • Mirae Asset Sekuritas Indonesia
  • Indo Premier Sekuritas
  • Yuanta Sekuritas Indonesia
  • Macquarie Sekuritas Indonesia
  • Valbury Sekuritas Indonesia
  • Trimegah Sekuritas Indonesia Tbk
  • Citigroup Indonesia