Indonesia Commodity and Derivatives Exchange

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Indonesia Commodity and Derivatives Exchange (ICDX) provides the facilities and rules for members to trade prime commodities, aiming for a fair, transparent, cost-effective and well-organized market. It helps form accountable and credible prices and serves as a hedging platform. With Indonesia’s abundant natural resources, ICDX supports national interests as a global trading hub for Gold, Crude Oil, Foreign Exchange, Crude Palm Oil (CPO) and Tin. ICDX works with PT Indonesia Clearing House (ICH) and PT ICDX Logistik Berikat (ILB). ICH acts as guarantor for all transactions, managing risk, margins and settlement. ILB handles physical transactions to reduce country risk and provides end-to-end logistics.

ICDX has 156 members: 72% foreign and 28% Indonesian. Trade members can be companies or individuals, domestic or abroad. Company members can be 100% Indonesian-owned or 100% foreign-owned; individual members can be Indonesian or foreign citizens and must have NPWP. Clearing House members may trade only in their own name and cannot act for other customers. Broker members must reside in Indonesia or abroad and may have up to 95% foreign ownership. PT company members can be 100% Indonesian-owned or up to 95% foreign-owned. Clearing House broker members may accept funds from other customers or third parties for trading. A broker member can also clear and guarantee transactions. If a broker member is not a Clearing House member, all trades must be cleared by a Clearing House member broker.