JFX Has a Permit from BI, Ready to Hold a Derivatives Exchange for the Money-Foreign Exchange Market

JAKARTA - PT Bursa Berjangka Jakarta (Jakarta Futures Exchange/JFX) has officially obtained a business license from Bank Indonesia (BI) as a Derivatives Exchange Organizer for the Money Market and Foreign Exchange Market (PUVA).

With this permission, JFX is ready to expand its role in the development of hedging instruments in the domestic financial market.

The permit was granted through Bank Indonesia Letter Number 28/188/DPPK/Srt/B dated January 28, 2026, after JFX was declared to meet all requirements in accordance with the Regulation of the Board of Governors of Bank Indonesia Number 26 of 2025 concerning financial derivatives with underlying assets of money market products and foreign exchange markets.

The acquisition of this permit marks the start of the operational implementation of the PUVA Derivatives Exchange by JFX.

All transactions will be supported by electronic trading infrastructure, integrated risk management systems, and governance that have undergone monetary authority evaluations.

The President Director of PT Bursa Berjangka Jakarta, Yazid Kanca Surya, said the permit was an important milestone in the transformation of the futures exchange in Indonesia.

"This permit from Bank Indonesia is not only a recognition of the readiness of regulations and infrastructure of JFX, but also a trust to strengthen the structure of the national financial market. We are committed to presenting a transparent, integrated, and effective PUVA Derivatives Exchange as a means of hedging," he said in a written statement received by VOI, Thursday, February 12.

In this ecosystem, JFX is supported by PT Kliring Berjangka Indonesia (KBI) as a clearing and guarantee institution for transactions.

KBI is a state-owned enterprise (BUMN) which is part of the Danareksa Holding under Danantara Indonesia.

The existence of the PUVA Derivatives Exchange is expected to increase market efficiency and depth, as well as strengthen the resilience of the national financial system in the midst of global volatility.

Going forward, JFX will coordinate with Bank Indonesia, the Financial Services Authority (OJK), and Bappebti to ensure integrated governance.