The Indonesian Commodity and Derivatives Exchange (ICDX) recorded a significant increase in trading value during the first quarter of 2026, with total trading value reaching 12.48 quadrillion rupiah, marking a 96% increase compared to the same period last year. This growth reflects a rising confidence in the commodity market as an appealing investment alternative.
According to statements from the exchange's CEO, Noursalem, the trading volume during January and March 2026 amounted to 2.61 million contracts, representing a 19% increase from the same period last year, when the trading volume was 2.43 million contracts valued at 6.36 quadrillion rupiah.
Details of the Event
Noursalem reported that multilateral trading, which is an important part of the exchange's activities, also saw an increase of 13%, with 460,402 contracts traded compared to 408,076 contracts in the first quarter of 2025. Additionally, the total value of multilateral trading surged by 233%, reaching 110.5 trillion rupiah, compared to 33.1 trillion rupiah in the same period last year.
Regarding trading in the alternative system, it also experienced growth of 6%, with trading volume rising from 2.03 million contracts to 2.15 million contracts. The total value of these trades reached 12.37 quadrillion rupiah, an increase of 95% compared to the first quarter of last year.
Background & Context
The Indonesian Commodity and Derivatives Exchange (ICDX) is one of the leading exchanges in Southeast Asia, established to promote trade in commodities and derivatives. Over the years, the exchange has witnessed remarkable growth in trading volumes, reflecting Indonesia's economic growth and increasing demand for commodities.
In 2025, the exchange recorded a total trading volume of 10.33 million contracts, valued at 31.99 quadrillion rupiah, indicating a positive market trend. It is expected that these trends will continue to grow, with Noursalem predicting that trading growth could reach 20% by the end of the current year compared to 2025.
Impact & Consequences
This increase in trading is a positive indicator of the health of the Indonesian market, reflecting investor confidence in the market's ability to provide lucrative investment opportunities. Furthermore, the growth in multilateral trading suggests that companies are seeking effective ways to manage risks associated with commodity price fluctuations.
This growth could also attract more foreign investments, enhancing Indonesia's position as a trading hub in the region. Additionally, the increased trading volume may contribute to improved market liquidity, making it more attractive to investors.
Regional Significance
This growth in the Indonesian commodity market could have positive effects on the Arab region, especially given the growing trade relations between Indonesia and Arab countries. With the rising demand for essential commodities such as oil and gold, Arab companies may find new opportunities for collaboration and investment in the Indonesian market.
Moreover, the growth in the Indonesian exchange may encourage Arab countries to enhance their investments in commodity markets, contributing to diversifying their investment portfolios and strengthening their economic stability.