"Indonesia's government highly supports the partnership of both sides, mainly since JFX has received its license from the authority," the ministry's Futures Exchange Supervisory Board chairwoman, Tjahya Widayanti, stated in Jakarta after attending the signing ceremony.
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Widayanti explained that the agreement between JFX and APEX is part of the efforts to rev up the interest of investors in commodity futures trading that currently has been slow in the country.
She pointed to the dismal understanding of the trade scheme among most people.
To this end, the partnership between the Jakarta-based stock exchange and APEX is expected to invite more domestic and foreign investors to forge deals pertaining to commodity futures trading, mainly for palm oil and its derivatives.
Meanwhile, JFX's director, Stephanus Paulus, echoed his aspirations of the new partnership with Singapore's counterpart being favorable for Indonesia's trade community, chiefly for the stock exchange members.
Paulus affirmed that JFX currently has 80 active members.
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EDITED BY INE
Translator: Ahmad Wijaya/Genta Tenri Mawan
Editor: Fardah Assegaf
Copyright © ANTARA 2019
