Alpaca and Indonesia’s exchange have taken a formal step toward linking local brokers with overseas markets. On September 1, 2026, Alpaca co-founder and CEO Yoshi Yokokawa and Indonesia Stock Exchange President Director Jeffrey Hendrik signed an agreement at IDX’s main hall in Jakarta.
The pact is framed as an exploratory memorandum rather than an immediate product launch.
It continues Alpaca’s push across Asia-Pacific and aims to test how Indonesian firms and global investors might reach each other’s markets more easily.
Under the understanding, the two sides will study a structure that would let IDX member brokers give their clients exposure to U.S. and other foreign securities.
That work would rest on Alpaca’s existing brokerage stack—execution, clearing, and custody—and would run through Indonesia’s Penyaluran Amanat Luar Negeri (PALN) channel.
PALN is the regulatory route that already allows domestic brokers to pass client orders to overseas venues.
If the framework moves forward, Indonesian retail clients could buy shares in well-known international companies while remaining with brokers supervised by the Otoritas Jasa Keuangan (OJK).
The parties also plan to look at the reverse flow: ways for foreign brokers and institutions to reach Indonesian listed products and services.
Yokokawa described Indonesia as home to one of the world’s most energetic and fastest-growing investor bases and argued that those investors should be able to reach global assets through institutions they already use.
He presented the IDX collaboration as a way to plug local firms and their customers into international markets via Alpaca’s infrastructure while drawing Indonesia’s own markets closer to overseas capital.
Hendrik characterized the memorandum as a platform for examining two-way access: pathways for exchange members to trade abroad and, at the same time, openings for international participants to enter Indonesia’s expanding market.
The scale of that domestic market is striking.
By August 2026 the country counted more than 30 million retail investors, the largest such group in ASEAN.
As participation keeps rising, the Alpaca–IDX effort is intended to test stronger links between Indonesian and global venues.
Alpaca already supplies API-based brokerage tools that let banks, brokers, and fintechs embed foreign-market access inside their own apps.
The new agreement builds on relationships already in place with Ajaib, Gotrade, Nanovest, PT Valbury Asia Futures, and Reku.
Asia-Pacific remains a core growth region for Alpaca as it tries to widen access to investing.
Over the past year the firm has added local leadership, partnerships, and infrastructure.
Rohit Mulani now serves as President of Alpaca Southeast Asia, covering strategy, regulation, partnerships, and expansion.
David Grant joined as CEO of Alpaca Singapore, running operations from a major regional financial center.
Both executives are charged with building compliant, scalable brokerage rails that let partners offer global markets while adapting to local rules. Combined with the IDX memorandum, that leadership bench is meant to help partners launch the next wave of investing platforms across the region.