Heaptalk, Jakarta — Under the Ministry of Trade, the Commodity Futures Trading Regulatory Agency (Bappebti) will hold the Commodity Futures Trading Literacy Month 2024.
“In 2023, the notional value (NV) of commodity futures trading (PBK) transactions reached Rp25,680 trillion, while in the first semester of 2024, it was recorded at Rp14,594 trillion. Therefore, I hope that the implementation of PBK later can be greater than in the first semester of 2024,” said Acting Head of Bappebti Kasan.
More specifically, the opening of Commodity Futures Trading Literacy Month 2024 will take place in Bandung, West Java, on August 5, 2024. This event is expected to reach communities outside Jakarta and its surroundings. During this event, there will be dialogues involving speakers from multiple institutions, including the Head of the PBK Development and Training Bureau, the President Director of the Jakarta Futures Exchange (JFX), the President Director of the Indonesia Commodity and Derivatives Exchange (ICDX), and the Chairman of the Indonesian Commodity Futures Trading Association (Aspebtindo).
Furthermore, Bappebti will also invite representatives from related ministries/agencies, the West Java Provincial Government, the Indonesian Chamber of Commerce (Kadin), academics, business actors, commodity futures trading associations (PBK), commodity associations, and media to maximize the impact of this agenda’s opening.
Kasan added that one of PBK’s important roles is establishing reference prices for Indonesia’s strategic commodities through transactions on the Futures Exchange. PBK can also be an alternative investment, risk management tool, and hedging instrument for business actors. He said, “The various potentials and important roles of PBK must be massively disseminated to the public, including through the organization of the PBK Literacy Month.”
This year, Commodity Futures Trading Literacy Month adopts the theme ‘Transformation of PBK in the Digital Era.’ Kasan stated, “The selection of this theme is related to Bappebti’s transitional period in transferring the regulation and supervision authority of crypto assets and financial derivatives to the Financial Services Authority (OJK) and Bank Indonesia on January 10, 2025.”
Kasan added that strengthening commodity futures trading must align with technological advancements and the digitalization of trade. Commodity futures trading is expected to transform and innovate, focusing on developing multilateral transactions while promoting Indonesia’s flagship commodities and maintaining bilateral transactions.
