Bank Indonesia has created a regulatory framework through promulgation of money market regulations (PBI) with the industry to hasten digitalization and strengthen money market infrastructure. This includes development of a Multimatching Electronic Trading Platform (ETP) with money market and forex market transactions executed jointly by standardizing instruments and determining prices more transparently among market participants, shifting from bilateral OTC transactions.
Implementation of ETP Multimatching will encourage efficient and transparent pricing and better risk management. In the early stages, ETP Multimatching will be implemented for foreign exchange transactions, especially spot transactions, before being extended to cover other types, including repo, swap, and DNDF transactions.