To provide portfolio diversification alternatives for investors in Indonesia capital market ecosystem and expand market access, the Self-Regulatory Organizations, consisting of the Indonesia Stock Exchange (IDX), the Indonesia Clearing and Guarantee Corporation (KPEI), and the Indonesia Central Securities Depository (KSEI), together with the Indonesia Financial Services Authority (OJK) held a market opening ceremony for the launch of a new derivative product, Foreign Index Futures on Tuesday (25/2) at the IDX Main Hall. The launch of Foreign Index Futures today was also attended by the Director of Quality Control and Objection Handling OJK Agus Saptarina, IDX Business Development Director Jeffrey Hendrik, KPEI President Director Iding Pardi, KSEI President Director Samsul Hidayat, and MSCI’s Head of APAC Index Client Coverage Adam Grabow.
In its initial phase, IDX launches Foreign Index Futures with the MSCI Hong Kong Listed Large Cap Index as its underlying index. This index is designed to represent the performance of large-cap stocks listed on the Hong Kong Stock Exchange. MSCI is a leading provider of critical decision support tools and services for the global investment community. MSCI indexes are commonly used as benchmarks by global institutional investors to track market performance across various markets.
The issuance of Foreign Index Futures is in line with the mandate of Law of the Republic of Indonesia Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector (UUP2SK) which regulates the transfer of authority to regulate and supervise financial derivative products to the OJK which has been effective on January 10, 2025 and OJK Regulation (POJK) Number 1 of 2025 concerning Financial Derivatives with Underlying Assets in the Form of Securities.
For more information on Foreign Index Futures, please visit www.idx.co.id > Products & Services > Derivatives or https://www.idx.co.id/en/products/derivatives/