Connect with us

Business

Indonesian Stock Exchange partners with Nasdaq to modernize market infrastructure

Indonesian Stock Exchange partners with Nasdaq to modernize market infrastructure
Indonesian Stock Exchange partners with Nasdaq to modernize market infrastructure

 


The technology partnership will further improve the overall resilience and integrity of the exchange, while supporting the rapid deployment of new products and services.

Scalable trading platform will quadruple transaction capacity and support the development of Indonesia's economy

NEW YORK AND JAKARTA, JUNE 17, 2024 Nasdaq (Nasdaq: NDAQ) and the Indonesia Stock Exchange (IDX) today announced an expansion of their technology partnership that will see IDX upgrade its core trading platform to Nasdaq's most advanced matching engine. The agreement also includes an expansion of Nasdaq's market surveillance partnership with IDX, as well as an agreement to enhance IDX index activities to help foster a deeper and more sophisticated global capital markets ecosystem.

The agreement builds on Nasdaq's wide range of partnerships across the Indonesian financial system. In addition to Nasdaq's long-standing relationship with IDX, Nasdaq provides market surveillance technology to OJK, the Indonesian Financial Services Authority, the core technology platform that underpins KSEI, the central depository of securities from Indonesia, and its Calypso treasury solution at Bank Indonesia, the country's central bank. . Collectively, greater interoperability within the Indonesian financial system will reduce overall complexity and friction, helping to create a more efficient capital markets ecosystem.

IDX's decision to modernize its underlying architecture is in line with the strategic pillars defined by OJK to develop a robust, stable and sustainable capital market which can support the continued development of the Indonesian economy.

Sunandar, Director of Information Technology and Risk Management at IDX, said: With this upgrade of the trading system and technology infrastructure, we plan to become more competitive and remain attractive to domestic investors and international. We believe this partnership will accelerate the modernization of Indonesia's capital market while supporting sustainable economic growth.

IDX has experienced a period of rapid growth in recent years, with trading volumes increasing by 65% ​​since 2019, while the total number of investors trading on its exchange increased by more than 400% to 12.6 million. Today, IDX has 921 companies listed on its exchange, an increase of 49% over the same period and consolidating its leading position among ASEAN markets, driven by the continued development of the Indonesian economy.

Nasdaq's modular and scalable platform will support IDX's continued ability to serve Indonesia's capital market as its economy grows. The platform supports trading of traditional asset classes, including equities, fixed income, foreign exchange and derivatives, as well as digital assets, providing the flexibility to support the purpose of IDX to increase the number of products and services it offers to customers. Additionally, by bringing a flexible architecture to the Index business, IDX will be able to design and

launch new indices as growth opportunities arise. Ultimately, the new platform will quadruple trading capacity while supporting a low-latency, deterministic trading experience.

Magnus Haglind, Head of Market Technology at Nasdaq, said: “Nasdaq plays a vital role at the heart of Indonesia's modernization story. We are pleased to be able to support the vision and ambition of the Indonesia Stock Exchange to become a world-class exchange. By supporting the development of a deep and sophisticated capital markets ecosystem in Indonesia, we can help generate growth and prosperity across the country and the wider region.

Nasdaq's Financial Technology division provides critical capital markets and regulatory technology solutions to the financial services industry. As a large-scale platform partner, Nasdaq leverages deep industry experience and technology expertise to help more than 3,500 banks, broker-dealers, regulators, financial infrastructure operators and buy-side firms solve their operational challenges the most difficult while advancing the modernization of the entire sector.

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, broker-dealers and exchange operators as they navigate and interact with the global capital markets and the financial system in the broad sense. We aspire to provide leading platforms that improve the liquidity, transparency and integrity of the global economy. Our diverse offering of data, analytics, software, trading capabilities and customer-centric services enables customers to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, at X @Nasdaq or at www.nasdaq.com.

About the Indonesia Stock Exchange

IDX is the only stock exchange in Indonesia whose main function is to create a fair, orderly and efficient capital market in Indonesia. IDX promotes a sustainable capital market through various initiatives and works closely with all stakeholders to ensure transparency and investor protection. As part of the Self-Regulatory Organization (SRO) aimed at providing a strong capital market infrastructure in Indonesia, IDX is also supported by IDClear as a Clearing and Guarantee Institution or Central Counterparty (CCP) and KSEI , Central Securities Depository of Indonesia, as a depository and settlement institution. . To learn more about IDX, visit our website www.idx.co.id or official social networks linktr.ee/indonesiastockexchange.

Sources

1/ https://Google.com/

2/ https://www.tradersmagazine.com/xtra/indonesia-stock-exchange-partners-with-nasdaq-to-upgrade-market-infrastructure/

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

ExBUlletin

to request, modification Contact us at Here or [email protected]