JFX and KBI Synergy in Commodity Trading Mining

15 Oct 2025

Jakarta, October 13, 2025 – PT Bursa Berjangka Jakarta (Jakarta Futures Exchange/JFX) and PT Kliring Berjangka Indonesia (KBI), part of the state-owned holding company Danareksa, will participate in the Minerba Convex 2025 exhibition, which will take place on October 15–16 at the Jakarta Convention Center (JCC).

The presence of JFX and KBI at this event provides a strategic opportunity to emphasize the exchange's strategic role in strengthening the transparency, stability, and credibility of national mining commodity trading. Through physical tin market trading, JFX and KBI are committed to expanding their trading reach to various other strategic and critical commodities, including minerals and coal (minerba), energy, agriculture, plantations, and precious metals. "JFX is committed to maintaining transparency and traceability in tin trading, as well as strengthening Indonesia's competitiveness as part of the global supply chain," explained Yazid Kanca Surya, President Director of JFX.

From 2019 to August 2025, JFX and KBI recorded tin transactions totaling over 300,000 tons with a total trade value of over US$8 billion, involving more than 60 active business players. As of 2024, over 95% of tin transactions, both for the domestic and export markets, were recorded in Indonesia through JFX and KBI. The synergy between JFX and KBI is a crucial foundation for building a transparent and globally competitive mining commodity trading ecosystem.

As part of its efforts to strengthen this ecosystem, JFX is also collaborating with the Indonesian Tin Exporters Association (AETI) to expand business participation in the physical tin market. "The collaboration between AETI and JFX is a strategic partnership aimed at increasing business participation in the physical tin market trading ecosystem through the Exchange," said Harwendro Adityo Dewanto, Chairman of AETI.

JFX is also preparing strategic steps in the energy sector. In collaboration with ONYX Capital Group London, JFX will introduce its newest product, Brent Crude Oil, through the Minerba Convex 2025 momentum as part of its global portfolio development direction.

JFX's crucial role in strengthening the national trading ecosystem is inseparable from the support of the Indonesian Futures Clearing House (KBI). KBI is a government-owned guarantee institution affiliated with Danantara through Danareksa. Therefore, the Tin Exchange is supported by a highly credible institution. Through close collaboration between JFX and KBI, it is hoped that public and investor confidence in the physical tin market trading system in Indonesia will further strengthen.

As a government-owned clearing house and strategic partner, the Indonesian Futures Clearing House (KBI) plays a crucial role in ensuring the safe and secure transactions on the exchange. KBI is responsible for maintaining the integrity of the clearing system and guaranteeing transactions across the futures trading ecosystem. "KBI ensures that the Delivery versus Payment (DvP) function and mechanism for physical tin market trading transactions in Indonesia are implemented effectively, prudently, and transparently," said Budi Susanto, President Director of PT Kliring Berjangka Indonesia.

As part of the series of events, JFX and KBI will also hold a mini-talk show titled "From Mine to Market: Digital Trading of Indonesia's Tin," featuring various industry stakeholders to discuss the role of exchanges and clearing houses in building transparent, efficient, and globally competitive commodity trading governance. The presence of JFX and KBI at Minerba Convex 2025 reflects the spirit of synergy between entities within the Danareksa State-Owned Enterprise Holding to continue building an inclusive, integrated, and trusted national commodity trading ecosystem.