Jakarta. The Indonesia Commodity & Derivatives Exchange (ICDX) has affirmed its commitment to comply with recent regulations issued by Bank Indonesia’s Board of Governors on financial derivatives linked to money market and foreign exchange instruments (PUVA). The guideline No. 26/2025 governs trading infrastructure, market governance, and consumer protection for PUVA-based financial products.

ICDX President Director Fajar Wibhiyadi said on Wednesday that the exchange is fully prepared to operate under the expanded mandate, having been appointed by Bank Indonesia as a designated derivatives trading organizer.

“In terms of infrastructure, we are ready with secure and reliable technology systems. Next is transparency and governance, both of which are non-negotiable as we must ensure independence and accountability as the operating exchange,” Fajar said.

He added that consumer protection will become a core element of implementation. “We have prepared multiple programs for continuous literacy and education for the public,” he said.

According to Fajar, the derivatives market for money market and foreign exchange products holds significant potential for growth. ICDX has begun disseminating the new regulation to its members to create a common understanding and readiness for implementation.

Bank Indonesia Senior Deputy Governor Destry Damayanti said in the central bank’s press release that the regulation aims to strengthen prudential principles and effective risk management, ensuring a well-functioning PUVA derivatives market with diversified and liquid instruments, credible pricing, active market participation, and internationally competitive infrastructure.

“Therefore, Bank Indonesia is providing more integrated, transparent, and modern governance covering licensing, supervision, and consumer protection,” Destry noted.

The Governor Regulation comprehensively covers Product, Pricing, Participant, and Infrastructure (3P+I), aligned with the 2030 Blueprint for Money Market and Foreign Exchange Market Deepening (BPPU 2030). It sets integrated policies on ecosystem design, licensing, oversight, reporting, governance, consumer protection, and enforcement of anti–money laundering, terrorism financing prevention, and counter-proliferation supervision.

The initiative is expected to create a modern, advanced, and innovative derivatives market with credible pricing benchmarks, competent market players, and secure, reliable infrastructure.

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