JAKARTA FUTURES EXCHANGE (JFX) AND SMM ANNOUNCE STRATEGIC PARTNERSHIP TO ENHANCE GLOBAL COMMODITY FUTURES MARKET

Jakarta, August 30, 2024 – In a significant milestone marking its 25^th anniversary, Jakarta Futures Exchange (JFX) has entered into a strategic partnership with SMM Information &Technology Co., Ltd. through the signing of a Memorandum of Understanding (MoU).

This MoU outlines a collaborative effort in areas such as product innovation, market expansion, and the sharing of industry knowledge and technologies. The goal is to foster a more efficient, transparent, and competitive trading environment within the global commodity futures market.

Stephanus Paulus Lumintang, President Director of JFX, commented, “We are pleased to sign this MOU with SMM Information &Technology Co., Ltd., a leading provider of market data and analysis in the metals industry. This collaboration is a big step in our commitment to enhancing the efficiency and transparency of the global commodity market. By leveraging SMM’s expertise, we aim to drive product innovation and expand our market reach, particularly in the Indonesian metal industry, which are vital to the global metals trading landscape.'”

Logan Lu, Chief Executive Officer of SMM Information & Technology Co., Ltd. “The year of 2024 marks 25^th year of anniversary both for JFX and SMM. It is a great step forward to foster a healthier and more transparent tin market with the partnership established between Shanghai Metals Market (SMM Information & Technology Co., Ltd) and Jakarta Futures Exchange (JFX), the pioneer and pillar in Indonesia commodity market. SMM will leverage our strength in market insights to effectively cooperate with JFX and facilitate the robust development of futures trading, as well as promote mutual presence in more and more regionally influential events and conferences.”

About Jakarta Futures Exchange (JFX)

Established in 1999, JFX is the oldest and largest futures commodity exchange in Indonesia, offering a secure and efficient trading platform. With a strong commitment towards innovation and market development, JFX serves both domestic and international traders, driving growth in Indonesia’s futures and physical commodities industry.