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.
