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ICDX Commodity Exchange Recorded 50% Multilateral Transaction Growth in the First Half of 2022 Compared to the Same Period in 2021
ICDX Commodity Exchange Recorded 50% Multilateral Transaction Growth in the First Half of 2022 Compared to the Same Period in 2021
Monday, 04 July 2022

Jakarta, 4 July 2022 - Entering its 13th year, the Indonesia Commodity & Derivatives Exchange (ICDX) Group recorded several achievements. One of them is wider market penetration, with the Sharia Commodity Murabahah Market already started in the first quarter of 2022, and the commencement of Digital Gold Physical Market transactions through the exchange. These achievements signify ICDX's commitment as a Commodity Exchange, and ICH as a clearing house to continue to facilitate comprehensive Commodity Futures Trading (PBK) by reaching more levels of society.

"Not only that, until last June ICDX recorded a multilateral transaction value of more than IDR20 trillion, with a total multilateral transaction volume of more than 500,000 lots. This year we are targeting the ICDX multilateral transaction volume to reach up to one million lots," said ICDX Director Nursalam at the press conference on the 13th anniversary of the ICDX Group.

Furthermore, Nursalam explained that this year, ICDX focused on accelerating PBK, starting from increasing multilateral transactions, adding participants, and increasing transactions at the Sharia Commodity Murabahah Market, to participating in reducing carbon emissions according to Indonesia's climate targets through organized carbon credit trading facilities that fair and transparent. This acceleration is also ICDX's effort to support the government in fixing the PBK industry, which at the beginning of this year faced several issues that had an impact on the PBK industry players.

In line with ICDX's commitment to increase multilateral transactions, Plt. Head of BAPPEBTI, Ministry of Trade, Didid Noordiatmoko on the same occasion explained, "As a PBK regulator, we will implement PBK based on Good Governance, where BAPPEBTI will protect the public, make the Commodity Futures Exchange as a reference for world prices, make the Alternative Trading System (SPA) ) a fair trade, and encourage PBK business actors to maintain integrity.”

This year, to accelerate the growth of multilateral transactions, ICDX will carry out several strategies such as to continue to maintain and increase this growth, ICDX will undertake several efforts such as increasing the demographics of multilateral customers, especially in terms of account opening requirements so that they can be accessed by customers with a younger age range from of 17 years old.

“Based on the demographic data of ICDX's multilateral product promotion channel, GOFX is in great demand by audiences aged 17-24 years. In addition, ICDX will add new multilateral brokers, increase collaboration with financial hubs, as well as multilateral product innovations," concluded Nursalam.


About Indonesia Commodity & Derivatives Exchange (ICDX)

The Indonesia Commodity & Derivatives Exchange (ICDX), also known as the Indonesia Commodity and Derivatives Exchange (ICDX) is a commodity and derivatives exchange based in Indonesia. ICDX's vision is to become a global market exchange that improves national welfare, with a mission to become a benchmark for setting world commodity prices through Indonesian primary products. ICDX is an Exchange supported by its members consisting of brokers and traders regulated by BAPPEBTI. ICDX members facilitate customer transaction services which include ICDX commodity futures trading contracts. Trades on ICDX will be settled, guaranteed, and cleared by the Indonesia Clearing House. For more information, please visit www.icdx.co.id

About Indonesia Clearing House (ICH)

Indonesia Clearing House (ICH) Clearing operates to internationally recognized standards for risk management, margin, and settlement. The Clearing House will be responsible for all clearing and settlement transactions that occur on the ICDX Exchange. All contract trading transactions on the ICDX Exchange are guaranteed by the ICH Clearing House. All members of the ICDX exchange must be ICH Clearing members to obtain guarantees. In short, ICH Clearing stores the accounts of Clearing members and their transactions and guarantees all payments and obligations of clearing members. For more information, please visit www.ich.co.id


About Bonded Logistics ICDX (ILB)

ILB is a subsidiary of Indonesia Commodity & Derivatives Exchange (ICDX) and Indonesia Clearing House (ICH) with the main activity of providing warehouses for commodities traded on ICDX. The establishment of the ILB is our sincere support for Indonesia's economic regulatory policy package regarding the Bonded Zone Center, particularly for export commodities traded on ICDX. ILB now has representative offices in Jakarta, Bangka, and Medan. For more information, please visit www.ilb.co.id

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