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Indonesia Stock Exchange Upgrades Trading Platform with Nasdaq’s Advanced Technology

Indonesia Stock Exchange

Highlights:

  • Nasdaq and the Indonesia Stock Exchange have announced an expanded technology partnership.
  • The partnership includes IDX upgrading its core trading platform to Nasdaq’s most advanced matching engine.

After the forex and financial markets, the technology sphere has come up with the news of an expanded partnership. The Nasdaq and the Indonesia Stock Exchange (IDX) have announced an expanded technology partnership. This expansion aims to improve market infrastructure and technological capabilities. It further wants to strengthen IDX’s trading, surveillance, and post-trade systems. It also aligns with global standards, enhancing efficiency and security in the Indonesian capital market.

About The Partnership

IDX is upgrading its core trading platform to Nasdaq’s most advanced matching engine as part of its expanded technology partnership. Additionally, Nasdaq will extend its market surveillance partnership with IDX and enhance IDX’s Index business to promote a more sophisticated global capital markets ecosystem.

This agreement expands Nasdaq’s partnerships in Indonesia’s financial system. In addition to working with IDX, Nasdaq provides market surveillance technology to OJK, Indonesia’s Financial Services Authority, supports KSEI, Indonesia’s central securities depository, and provides its Calypso treasury solution to Bank Indonesia, the central bank. These efforts aim to increase interoperability within Indonesia’s financial system, reducing complexity and friction to create a more efficient capital markets ecosystem. IDX’s decision to modernise its infrastructure aligns with OJK’s strategic goal of developing a robust and sustainable capital market that supports Indonesia’s economic growth.

The Expected Impact

The partnership between Nasdaq and IDX is set to impact the Indonesian capital market significantly. Upgrades in technology are expected to boost trading volumes and liquidity, making IDX more appealing to local and international investors. Improved market surveillance will enhance investor confidence, further stimulating market participation and growth.

If Nasdaq’s technology implementation proves successful, it could set a precedent for other regional exchanges. As more markets look to upgrade their infrastructure, Nasdaq’s solutions may become increasingly sought-after, reinforcing its position as a leading market technology provider. This technological integration and modernization trend is likely to continue, reshaping the global capital markets landscape.

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