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  • Signing of MOU with Shanghai Metal Market (SMM) in Expanding International Market Access
Signing of MOU with Shanghai Metal Market (SMM) in Expanding International Market Access

In a significant moment marking the 25th anniversary celebration, PT Bursa Berjangka Jakarta (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 collaborative efforts in various areas such as product innovation, market expansion, and the exchange of industry knowledge and technology. The goal is to create a more efficient, transparent, and competitive trading environment in the global futures commodities market.

Stephanus Paulus Lumintang, Chief Executive Officer of JFX, stated, "We are proud to sign this MoU with SMM Information & Technology Co., Ltd., a leading provider of market data and analysis in the metals industry. This partnership is a significant step in our commitment to enhancing the efficiency and transparency of the global commodities market. By leveraging SMM's expertise, we aim to drive product innovation and expand our market reach, particularly in Indonesia's metals industry, which plays a crucial role in the global metals trading landscape."

Logan Lu, Chief Executive Officer of SMM Information & Technology Co., Ltd., remarked, "2024 marks the 25th anniversary for both JFX and SMM. This is a significant step forward in promoting a healthier and more transparent tin market through the partnership between Shanghai Metals Market (SMM Information & Technology Co., Ltd.) and PT Bursa Berjangka Jakarta (JFX), a pioneer and pillar in Indonesia's commodities market. SMM will leverage our strength in market insights and intelligence to collaborate effectively with JFX, facilitating the development of strong futures trading and promoting our joint presence at more influential regional events and conferences.