Refinitiv launches electronic trading service in Indonesia

This is the country’s first interbank electronic marketplace for the trading of rupiah.

Financial markets data provider, Refinitiv, has launched its global electronic trading service, Refinitiv Matching, in Indonesia.

In a press release, the company said that this is Indonesia’s first interbank electronic marketplace for the trading of rupiah.

Refinitiv Matching offers real-time credit screening, enhanced price discovery, concentrated liquidity, and efficient execution for FX traders.

Refinitiv Matching will also offer users in Indonesia the ability to explore liquidity sources, benchmark trades, and develop systematic FX trading strategies.

Destry Damayanti, senior deputy governor at Bank Indonesia, said that the regulator welcomes market operators to contribute to developing the financial market in Indonesia, such as Refinitiv Matching.

“The availability of the matching system is in line with the Blueprint for Money Market Development 2025 that had been released last year. One of the key initiatives to embody the third vision of the blueprint is to strengthen financial market infrastructures. The launching of the matching trading system is expected to foster market development by increasing liquidity, efficiency and price transparency,” said Damayanti.