Futures conference to be held in Bali

Futures conference to be held in Bali

The Jakarta Post, Jakarta

Commodity market players, analysts and regulators from across
Asia will gather in Bali for two days to discuss important issues
related to the market and its role in nations' economic
development.

More than 100 participants are expected to gather for the
International Conference on Futures Trading and Warehouse
Receipts Financing in the Global Market slated to be held on Dec.
11 and Dec. 12 at the Nusa Dua Bali Beach hotel, Bappebti, the
regulator of the Jakarta Futures Exchange, said in a statement on
Tuesday.

The conference will be chaired by Tanri Abeng and Rahardi
Ramelan, who are Indonesia's former state minister of state
enterprises and minister of industry and trade, respectively.

Speakers during the conference will include market regulators,
analysts and market players from Indonesia, Malaysia, South
Korea, Taiwan and Singapore, the statement said.

In their presentations, the speakers will discuss the history
and development of futures trading in their respective countries
and their contribution to the economic development of the
countries.

They will also discuss the function of "warehouse receipts" as
receipts of maturing futures contracts.

Indonesia set up a futures exchange in Jakarta on Dec. 15,
1999. The market, which is still not so popular among the public,
recorded a 650 percent rise in transaction volume to 120,773 lots
last year. As of October this year, it had recorded a total
transaction volume of 287,078 lots.