"The GOAL of these futures contracts in order to meet the demand of 100 markets," said Director of the JFX Bihar Sakti Wibowo in Jakarta on Tuesday (3/7/2012).
"We want to target the markets or retail customer that has the potential for substantial multilateral transactions that haven't been produced," he added.
He added, gold futures contract GOAL 100 allows customers to purchase contract gold at Rp50 million (100 grams assuming at Rp500 thousand per gram) with only put money at RP. 5 million Rp2,5 million-depending on the margin value of contract commonly used 5-10 percent.
All 2012, he calls if the gold futures contract is the superior product, in addition to the JFX futures contracts for cocoa and olein. The volume of trading gold futures surged 358 percent compared to this year's earlier along with rising world commodity prices.
"This year is expected to rise in volume, compared to 100 percent in 2011," he said.
When the physical contract GOALS 100 is due, then the transfers of physical gold contract 100 GOAL will be facilitated by PT Indonesia Futures Clearing. Currently, physical handover can be done in 12 cities of Jakarta, Surabaya, Medan, Semarang, Bandung, and Makassar.
"Will continue to be added to ease customers ' location," he said again.
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