Significant growth in trade and commerce over the last two decades has seen a rise in the demand for a transparent and efficient price discovery mechanism for numerous commodity products across South East Asia.
Strong Underlying Transactions
Indonesia is a leading producer of a number of key commodity products. In particular, Indonesia is a key producer of Crude Palm Oil, Coal, Natural Gas, Cocoa, Coffee and Tin products. It is a natural extension for the ICDX to offer the products in the country they are sourced.
Efficient Risk Management
By deploying a proven core system that provides high speed order routing, straight through processing, sophisticated pre and post-trade risk management ICDX is able to maintain the highest standards of risk management experienced in the industry.
ICDX’s connectivity can be achieved through a variety of means including market leading front end trading screens that provide functionality and cater for all traders, whether professional, technical or retail.
The FIX protocol standards are employed across the trading solution to provide and open API for developers looking to connect to the exchange API.
Asian Time Zone
Historically, due to the lack of a suitable trading venue in their time zone, Asian market participants have largely had to wait until the end of the business day to access International commodity markets. This is changing as Asian exchanges look to address the needs of their participants. Similarly the ICDX intends on providing access to the international commodity markets to its participants through a number of contracts traded during the Asian Time Zone.
Diversified offering of Indonesia’s premier commodities
Indonesia is a leading provider of a number of key commodity products. In particular, Indonesia is a key producer of Crude Palm Oil, Coal, Natural Gas, Cocoa, Coffee and Tin products. It is a natural extension for the ICDX to offer the products in the country they are sourced.
The appetite for Indonesian sourced commodity products is significant and the ICDX’s ambition is to provide an efficient, scalable and regulated market place for the trade in these products to grow.
Counterparty risk minimized
All ICDX transactions will be cleared and settled by the ISI Clearing House. ISI Clearing operates under internationally accepted standards for risk management, margining, and settlement
Transparent and Open Marketplace
The ICDX operates under internationally recognized standards of transparency, fairness, openness and integrity.
ICDX is regulated by the BAPPEBTI (Badan Pengawas Perdagangan Berjangka Komoditi) - also known as CoFTRA (Commodity Futures Trading Regulatory Agency).
Reliable Trading System
ICDX’s technology solution is a tried and tested. The core system has already been deployed by a number of major financial institutions who have specific needs for highly capable, efficient and reliable solutions.