The New York Stock Exchange and Indonesia Stock Exchange Sign Memorandum of Understanding
November 04 2022 - 3:34PM
Business Wire
The two exchanges will focus on key areas of
mutual interest, including product development, market promotion,
and knowledge sharing
The New York Stock Exchange, part of Intercontinental Exchange,
Inc. (NYSE: ICE), and the Indonesia Stock Exchange (IDX) today
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.
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 US$ 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
Category: NYSE
ICE-CORP
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version on businesswire.com: https://www.businesswire.com/news/home/20221104005619/en/
NYSE Media Contact: Bridget Walsh bridget.walsh@nyse.com (212)
656-2298
ICE Investor Contact: Katia Gonzalez katia.gonzalez@ice.com
(678) 981-3882
IDX Media Contact: Aulia Noviana Utami Putri
contactcenter@idx.co.id 150515 (National)
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