JFXJakarta Futures Exchange

The Jakarta Futures Exchange (JFX) was the first futures exchange in Indonesia, legalized on August 19, 1999.It marked an important milestone in Indonesia's development of a financial market, designed to provide a robust framework for the business community to manage risk and disruptions by allowing them to hedge these functions and systematically create and establish a commodity futures exchange market.JFX was incorporated as a company under Law Number 32 of 1997 on Commodity Futures Trading Status; hence, the Jakarta Future Exchange has a strong legal status to perform its activities, and it is the first exchange in Indonesia.

Role in the Financial Ecosystem

From its inception, JFX has enabled trading by providing its members with electronic trading capabilities. Electronic Trading enables participants to transact their futures contracts at previously established prices, whereby supply and demand would create the value of their transaction.

Electronic data interchange provides an efficient way for buyers and sellers to communicate, allowing transparency within the market, giving participants easy access to the market, and lowering transaction costs.JFX is entirely focused and engaged with Advanced Technologies that will respond to the market's local and global problems.JFX continually develops its trading capabilities to enable more effective responses to market demands.JFX's strategy involves building its technology framework with consideration for safety, stability, and connectivity to the Global Market.

Driving Innovation and Growth

Innovation is the driving force behind JFX's agenda. JFX is continually looking for ways to optimise technological capacity to ensure market participants are offered an efficient, fast, and reliable trading experience. In addition, JFX is looking to develop New Products that will provide market participants with the means to diversify their investments and support the market's needs through these new investment products.

To support this agenda, JFX has strengthened its position as a domestic marketplace for commodities and a larger player internationally. JFX is a part of the international trading fabric and has mapped out pathways to create an easy trading environment and a system that connects Indonesia to the global marketplace.

Vision for the Future

From the beginning, JFX's vision is to be a platform that ensures trusted price discovery experiences for commodities, especially those indexed to commodity futures, and creates commodities that can be referenced and tied to the global commodity industry.

JFX aims to have other international commodity futures participants reference new investment products as a means for JFX's members to do so. JFX aims to facilitate transparent, efficient, and trustworthy price discovery and risk management.

Mission and Main Objectives

JFX is implementing a mission by achieving several objectives:

• To facilitate dependable price discovery – reliable reference prices for commodity contracts, services are essential aspects of Indonesia's national economy.

• To provide efficient hedging – structured means of risk management to the players in the market.

• To protect market participants – a dependable trading environment for market participants.

• To protect the fairest markets – letting will markets respond to need while allowing integrity.

• To inform and educate market participants - awareness and training, and participation in responsible risk management.

• To create business - member-created new products, economic diversification, surprise new products, and instruments.

• To value growth in domestic markets – delivering benefits to Indonesia's market participants while also ensuring Indonesia has a growing, sustainable domestic economy.