2025-12-19
The Head of the Commodity Futures Trading Regulatory Agency (Bappebti) issued Regulation No. 6 of 2025 to amend the rules governing Market Makers and the obligation to execute futures contracts on futures exchanges. The regulation expands the eligibility criteria for Market Makers to include Alternative Trading System operators and specific Brokers, while introducing strict prohibitions against pre-arranged or unfair multilateral trading practices. It further mandates regular evaluations of Market Maker appointments and imposes detailed reporting, operational, and educational requirements on exchanges, clearing houses, and market participants.