Business Wire are reporting that the New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE: ICE), and the Indonesia Stock Exchange (IDX) have announced that they have agreed to collaborate on several areas of mutual interest, including joint product development.
The NYSE and the IDX signed a memorandum of understanding that also included opportunities for promoting both markets, information and knowledge sharing, and establishing new communication channels.
The agreement was finalized during a visit to the NYSE by an Indonesian delegation that included Hon. Iman Rachman, President Director of the Indonesia Stock Exchange, H.E. Rosan Roeslani, Ambassador of Indonesia to the United States and Arifi Saiman, Consul General of Indonesia in New York.
“We are pleased to sign this memorandum of understanding with the Indonesia Stock Exchange in support of our capital markets and the important ties they help create between our marketplaces,” said Lynn Martin, NYSE President. “The NYSE looks forward to working together with IDX to explore new products and share our innovations with issuers and investors.”
Iman Rachman, President Director of IDX said “We are keen to collaborate with NYSE and bring the longstanding relationship to the next level as NYSE is the largest exchange in the world and has become a benchmark in innovation and development. We believe that this synergy will bring mutual benefit for both exchanges in the long run.”
The collaboration represents an opportunity to promote the work of both exchanges, each of which have long histories in their countries, and highlight the importance of global capital markets. This agreement follows similar NYSE collaborations announced earlier this year with the stock exchanges of Singapore, Japan, and South Africa, say Business Wire.
About NYSE Group
NYSE Group is a subsidiary of Intercontinental Exchange (NYSE: ICE), a leading global provider of data, technology and market infrastructure. NYSE Group’s equity exchanges — the New York Stock Exchange, NYSE American, NYSE Arca, NYSE Chicago and NYSE National — trade more U.S. equity volume than any other exchange group. The NYSE, an ICE exchange, is the premier global venue for capital raising. NYSE Arca Options and NYSE Amex Options are leading equity options exchanges. To learn more, visit nyse.com.
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration.
Together, we transform, streamline and automate industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 — Statements in this press release regarding ICE’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE’s Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE’s Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC on February 3, 2022.
About the Indonesia Stock Exchange
IDX is the only stock exchange in Indonesia with more than 800-listed companies and total market capitalization around USD 600-billion. IDX is a non-profit organization with main function is to create a fair, orderly, and efficient capital market in Indonesia. IDX promotes sustainable capital market through various initiatives and works closely with all stakeholders to provide transparency and investor protection. To learn more, visit www.idx.co.id
Source: Business Wire