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Indonesia Commodity & Derivatives Exchange or ICDX is a leading commodity exchange with an integrated clearing house and bonded logistics center. ICDX conducts multilateral commodity and derivative trading in Indonesia. We aim to be a fair, organized, transparent, and modern commodity trading center. We also provide facilities and infrastructure for optimal exchange services for trading commodities such as gold, crude oil, tin, and foreign exchange.


By bringing best-in-class technologies and practices to the Indonesian market, ICDX will provide a well-integrated and highly-trusted ecosystem for exchange trading and clearing for commodities and financial instruments. This will contribute in a significant manner to strengthening the Indonesian economy and attracting international market players to the country. 

  • Bring innovative financial technologies to Indonesia and ASEAN to provide a new institutional backbone for commodity trade and finance 
  • To enable a solid and efficient market deepening for financial institutions and trading companies in Indonesia
  • To provide the facilities, infrastructure, and governance needed to carry out commodity trade and finance in Indonesia in a fair, transparent, effective, and organized manner

Corporate Values

We honor the quality of being honest and having strong moral principles

  • Words match actions
  • Committed to our promises
  • Learn from our mistakes

We value responsibility to our teammates, stakeholders, and everyone who supports us

  • Work on completing tasks according to the expected standards
  • Provide ideas, opinions, and feedback
  • Committed to achieve work targets and priorities

We are committed to work as a team towards our common vision

  • Open to different opinions
  • Pay attention & appreciate others’ contribution
  • Willing to develop yourself and your team members

Service Excellence

We aim to consistently meet the expectations of our stakeholders, teammates, and everyone who supports us

  • Show competence and quality results
  • Understand others' needs
  • Go the extra mile for our services
Our Directors
Lamon Rutten

Lamon has accumulated over thirty years of experience in commodity markets, in particular in commodity finance and risk management. Under his stewardship, MCX (India’s largest commodity exchange) flourished and had grown into the world’s second-largest commodity exchange by the time he left, following a highly-successful IPO. Earlier, as Chief of Finance, Risk Management and Information at UNCTAD, he had created and managed the United Nations’ major program in this area. 

His appointment at ICDX helps move the company into its next phase of development. With his vast experience, Lamon will be instrumental in the modernization of Indonesia’s commodity sector, building transparent markets and offering new, efficient risk management opportunities. Through partnerships with other stakeholders, he will make ICDX a port of call for all businesses, both locally and internationally. This will further strengthen ICDX’s market domination and ensure sustainable growth.

President Director of ICH

Nursalam has extensive experience in the commodity futures trading industry since 1998. Prior to becoming director of the ICH clearing house, he served as a director in several futures brokerage firms. Currently, Nursalam is trusted to be the President Director of the ICH clearing house. Under his leadership, ICH issued e-CITRA (Clearing Info of Trade) to implement transparency in the transaction clearing process through ICH. In addition, ICH also obtained ISO 27001 certification in 2020. This certification is an embodiment of ICH and ICDX's Business Continuity Plan (BCP) which adapts to the digitization of the company's work system.

ICDX Milestones

Indonesia Commodity & Derivatives Exchange (ICDX) established

The launch of GOLDGR Contract


CPOTR futures contract launch as a benchmark price for CPO exporters in Indonesia



Financially settled daily futures contracts for gold and olein 


The launch of tin physical contract (INATIN)

The start of tin trading through an exchange in Indonesia


The launch of pure tin bars contracts and adoption of the ICDX CPOTR contract as an official benchmark for CPO export prices


The First Indonesian Tin Conference held in Bangka, the heart of Indonesia’s tin production


The Launch of Local Tin pure tin bars contract

The name of ICDX’s clearing house was changed from PT Identrust Security International to PT Indonesia Clearing House (ICH)


ICDX selected to provide a TSR20 rubber physical contract in the Regional Rubber Market, newly established by the Governments of Indonesia, Malaysia, and Thailand.


ICDX Logistik Berikat (ILB) starts operations

The value of tin traded in ICDX reaches its highest value yet, USD 1.6 billion


GOFX goes live, the first regulated exchange-traded rolling spot and futures contracts in the ASEAN region. By ICDX attracting international tin buyers, only 24% of tin now trades through Singapore, down from 80% in 2015


Launch of GOFX Micro

The electronic warehouse receipt platform (EPACT) starts operating; as many as 36 countries now directly import tin from Indonesia (up from 26 in 2018)


The launch of COFR, COFU10, COFU 100 contracts

In its first week, almost 3,200 crude oil futures contracts were traded at ICDX. ICDX starts organizing trading classes multiple times per week.


Officially Becomes the Exchange for Digital Gold Physical Market

ICDX complements the national gold market ecosystem by integrating with digital gold enterprises to create a fair and organized market for digital gold investors.

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Midpoint Place, 22nd Floor, K.H. Fachrudin Street No. 26, Tanah Abang, Jakarta Pusat
+62 21 3002 7788