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Jakarta Post

Futures exchange hopes to benefit from instability

  • Rachmadea Aisyah

    The Jakarta Post

Jakarta   /   Sat, January 12 2019   /  02:24 am

Despite domestic and global challenges prompting many businesses to lay low, the Jakarta Futures Exchange (JFX) appears confident about its ability to record a rising number of transactions.

JFX president director, Stephanus Paulus Lumintang ,said the year 2019 would see challenges from the ongoing trade war between the United States and China as well as Indonesia’s presidential and legislative elections.

Paulus, however, said those challenges would not affect the JFX as much as the US presidential election and the Brexit vote had done. He added that the exchange had generally recorded good transaction figures over the past four years despite the disruptions.

“The trade war may have a negative impact in terms of a decrease of consumption, but it also brings instability that will see currencies and commodity prices fluctuate,” Paulus told reporters recently. ...