New York Stock Exchange and Indonesian Stock Exchange sign Memorandum of Understanding
NEW YORK & JAKARTA, Indonesia–(BUSINESS WIRE)–The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE: ICE), and the Indonesia Stock Exchange (IDX) announced today that they have agreed to collaborate in several areas of common interest, including joint product development.
The NYSE and IDX signed a memorandum of understanding that also included opportunities to promote the two markets, share information and knowledge, and establish new communication channels.
The deal was finalized during a visit to the NYSE by an Indonesian delegation that included the Hon. Iman Rachman, Chief Executive Officer of the Indonesia Stock Exchange, HE Rosan Roeslani, Indonesian Ambassador to the United States and Arifi Saiman, Consul General of Indonesia in New York.
“We are delighted to sign this Memorandum of Understanding with the Indonesia Stock Exchange to support our capital markets and the important connections they help create between our marketplaces,” said Lynn Martin, President of NYSE. “The NYSE looks forward to working with IDX to explore new products and share our innovations with issuers and investors.”
Iman Rachman, Chief Executive Officer of IDX, said, “We look forward to collaborating with NYSE and taking this long-standing relationship to the next level, as NYSE is the largest exchange in the world and has become a benchmark in of innovation and development. We believe this synergy will bring mutual benefits to both exchanges in the long run. »
The collaboration represents an opportunity to promote the work of the two exchanges, each with a long history in its country, and to highlight the importance of global capital markets. The deal follows similar NYSE collaborations announced earlier this year with stock exchanges in Singapore, Japan and South Africa.
About NYSE Group
NYSE Group is a subsidiary of Intercontinental Exchange (NYSE: ICE), one of the world’s leading providers of market data, technology and infrastructure. The NYSE Group equity exchanges – the New York Stock Exchange, NYSE American, NYSE Arca, NYSE Chicago and NYSE National – trade more volume in US stocks than any other exchange group. The NYSE, an ICE stock exchange, is the world’s premier venue for raising capital. NYSE Arca Options and NYSE Amex Options are the major 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 provide our clients with access to critical workflow tools that increase transparency and operational efficiency. We operate exchanges, including the New York Stock Exchange, and clearinghouses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide insights, analytics and platforms that help our clients take advantage of opportunities and operate more effectively. At ICE Mortgage Technology, we are transforming and digitizing the US residential mortgage process, from consumer engagement to 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. Here you will find information regarding other trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates. Key information documents for certain products covered by the EU Regulation on packaged retail and insurance-based investment products can be found on the website of the relevant stock exchange under the heading “Documents of Key Information”. key information (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 materially from those contained in the forward-looking statements, see ICE’s filings with the Securities and Exchange Commission (SEC), including, but not limited thereto, the risk factors in ICE’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, as filed with the SEC on February 3, 2022.
About Indonesia Stock Exchange
IDX is the only stock exchange in Indonesia with over 800 listed companies and a total market capitalization of approximately US$600 billion. IDX is a non-profit organization 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. To learn more, visit www.idx.co.id