NEW GOLD CONTRACT LAUNCH
ICDX ENCOURAGES COMMUNITY TO INVEST
Jakarta, 2 March 2015 – Indonesia Commodity and Derivatives Exchange (ICDX), Indonesia Futures and Commodity Futures Exchange announces the launch of its latest gold contract with physical delivery. In cooperation with CV Untung Bersama Sejahtera, UBS gold contract with UBSG contract code has been officially launched. The launch of this contract is done by Megain Widjaja, President Director of ICDX, Eddy Yahya, President Director of UBS and witnessed by Ir. Sutriono Edi as Head of Bappebti.
UBS gold contract with UBSG contract code will be a compliment to the contract of precious metal that has been in ICDX with a contract unit of 100gr (one hundred grams) for one lot. UBS traded gold has a 99.99% purity with transaction price that will directly refer to UBS gold price.
Ir. Sutriono Edi, Head of the Commodity Futures Trading Supervisory Agency (BAPPEBTI) said, "With the rise of news on non-legal investment, Bappebti as Regulator hopes UBS Gold contract can be one of the means to enhance the integrity of safe and regulated Commodity Futures Trading".
"The gold market in Indonesia, 75% dominated by gold in the form of jewelry, only about 25% of which is gold bullion, this shows still high tendency to invest in gold jewelry form than gold bullion." Bright Megain Widjaja, as the President Director of ICDX. "The launch of UBS's gold contract will help to encourage Indonesians to invest in gold bars but through a safe and regulated institution."
The UBSG ICDX gold contract is a contract with a physical settlement with a delivery point in Jakarta and Surabaya, and will continue to grow in the future. Contract
UBS gold can be traded by the public through a member of the futures broker listed on the ICDX.
For more information, please contact:
Strategic Marketing ICDX
Telp. (021) 2929 7788
Fax. (021) 548 2652