The Jakarta Futures Exchange is soon to have a domestic rival. The Indonesia Commodity and Derivatives Exchange (ICDX) will start trading palm oil and gold futures by September.
The Future Exchange Supervisory Board (Bappebti), a division of Indonesia’s Trade Ministry, announced in June that it had formed the new futures exchange.
Deddy Saleh, head of Bappebti, said in a statement that the ICDX was expected to become a healthy competitor for the JFX,...