Indonesia on Track for a New Commodity Exchange
Straits Financial Group, a Singapore based broker, obtained a license from Indonesian regulators to operate a physical commodity exchange and a clearinghouse in Indonesia. The exchange, which will do business as the Asia Commodity Marketplace, will allow local producers and international traders to transact directly and negotiate anonymously over an electronic platform. Cargoes will be delivered through bonded warehouses at seaports and inland sites in Indonesia. The launch is scheduled for 2017. Initial plans include a suite of agricultural products that may include cocoa, coffee, rubber, soybeans, and sugar.
