Indonesia's goal to launch a new commodities exchange by Jan. 1 is realistic if existing infrastructure is leveraged instead of building from the ground up, according to the deputy chief of the Jakarta Futures Exchange.

The proposed bourse aims to strengthen the country's trading capabilities and attract international participants. By utilizing established platforms like the Jakarta Futures Exchange, the initiative could bypass lengthy setup processes and reduce operational risks.

The deputy chief emphasized that collaboration with existing exchanges would accelerate timeline adherence and ensure regulatory compliance. This approach aligns with broader efforts to modernize Indonesia's financial markets and enhance commodity price discovery.

Authorities are reportedly evaluating partnerships with regional exchanges and technology providers to support the launch. A successful rollout could position Indonesia as a key commodities trading hub in Southeast Asia.