ICDX Positively Responds to Important Points from OJK Regarding Derivative Market
Indonesia Commodity & Derivatives Exchange (ICDX) or the Indonesia Commodity and Derivatives Exchange (BKDI) has responded positively to three important points about the derivative market from the Financial Services Authority (OJK). As a self-regulatory organization (SRO) under the supervision of OJK, ICDX’s CEO, Fajar Wibhiyadi, stated readiness to implement the three key points about the derivative market from OJK.
Fajar emphasized that the three important points highlighted by OJK—integrity, innovation, and synergy—align with ICDX’s spirit and commitment to future financial market development. He emphasized that integrity in governance is crucial for the development of financial markets, especially derivatives, as it is closely related to public trust. ICDX ensures that all transaction processes are transparent and comply with existing regulations.
ICDX will continue to innovate sustainably, introducing new products and services tailored to market needs while considering consumer protection. Furthermore, the organization aims to enhance collaboration and synergy with stakeholders, including regulators, market players, and investors. ICDX is committed to various strategic initiatives, including financial market development through continuous literacy and education efforts, particularly in derivatives.
Previously, Inarno Djajadi, the Executive Director of Market Supervision for the Capital Market, Derivatives, and Carbon Exchange at OJK, explained the three crucial points about the derivative market. These include maintaining the integrity of governance in all derivative and commodity market segments, sustaining innovation with a prudent approach to protect investors, and fostering synergy among stakeholders and regulators to enhance market competitiveness and inclusion.
Following the enactment of Law No. 4 of 2023 on Strengthening and Developing the Financial Sector, ICDX is now under OJK supervision for derivative trading with underlying assets in securities. The organization is prepared to support trading markets for Renewable Energy Certificates (REC), build an integrated ecosystem for deepening financial markets, and is now an official provider of PUVA Futures Derivative Exchange.
