THE signal was first made by Darmin Nasution at the end of last year. It was the head of Indonesias Capital Market Supervisory Agency (Bapepam) who opened up the possibility of accelerating the merger of the Jakarta Stock Exchange and Surabaya Stock Exchange, from the original planned start-up time of 2008. It seems that it will be 2008 at the very latest, he stated.

To begin with, capital market players did not pay a great deal of attention to hi