Indonesia export curbs help develop onshore derivative sector
Indonesia is a leading player in the global commodity sector, but until now most of those resources have changed hands offshore. In creating a local derivatives market, ICDX aims to change this, as its CEO explains
Indonesia's decision at the start of 2014 to ban the export of unprocessed metals as part of a move to keep more of the commodities value chain onshore, met with criticism from business and economists alike, but Megain Widjaja, chief executive of the Jakarta-based Indonesia Commodity & Derivatives Exchange (ICDX), is a fan.
The South-east Asian state is a commodity powerhouse: the world's largest tin exporter also has serious coal, nickel and bauxite resources, as well as a market-leading
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