- Indonesia Stock Exchange (IDX) partners with Nasdaq to upgrade its core trading platform with Nasdaq’s advanced matching engine.
- The collaboration extends to enhancing IDX’s market surveillance capabilities and developing its Index business to support a deeper global capital markets ecosystem.
The Indonesia Stock Exchange (IDX) has announced a major expansion of its technology partnership with Nasdaq, aimed at upgrading its core trading platform to Nasdaq’s advanced matching engine.
This collaboration also extends Nasdaq’s role in market surveillance for IDX and includes enhancements to IDX’s Index business, facilitating a more robust global capital markets ecosystem.
Sunandar, IDX’s Director of Information Technology and Risk Management, highlighted the significance of this upgrade in enhancing competitiveness and attractiveness to both domestic and international investors.
He emphasized that the partnership with Nasdaq will accelerate the modernization of Indonesia’s capital markets, supporting sustainable economic growth.
Magnus Haglind, Head of Marketplace Technology at Nasdaq, expressed enthusiasm for supporting IDX’s vision to become a world-class exchange, contributing to Indonesia’s broader economic development and prosperity.
