Financial technology provider GBX Technologies Ltd has formed a strategic relationship with Indonesia’s Jakarta Futures Exchange (JFX), the Jakarta-based bourse that facilitates trading of commodity futures and derivatives instruments. The strategic relationship will help broaden JFX’s investment appeal as a leading regional exchange across multiple asset classes by identifying opportunities and implementing solutions using GBX’s innovative and advanced proprietary technology.
Speaking with regard to the partnership, Abe Layman, Director of GBX Indonesia stated”Jakarta Future Exchange’s history dates to 1999, and our strategic relationship with JFX culminates at a time when the economies and exchanges across Southeast Asia are seeking additional integration and further harmonisation through the ASEAN Economic Community (AEC).”
“JFX already impresses as a trading venue where numerous well-regarded exchange members and counterparties have the ability to trade physicals, commodity futures, and derivatives. GBX’s experience and commitment to developing new products through research, development, and innovation will serve JFX well, particularly as ASEAN continues to be promoted as an integrated single market and economy. This Joint Venture will enhance JFX’s position within the AEC when it launches in earnest in 2015 across ASEAN member nations” concluded Mr. Layman.