Indonesia Stock Exchange taps Nasdaq to build out market infrastructure
Extended partnership will enhance resilience of the exchange, alongside supporting the deployment of new products and services.
Extended partnership will enhance resilience of the exchange, alongside supporting the deployment of new products and services.
The move will see the two firms help reduce systemic inefficiency across the global post-trade network.
Nasdaq’s Nordic and Baltic equity QuoteView offering, powered by BMLL, will offer consolidated best bid and offer (CBBO) data for equity markets within the region.
The solution is aimed at asset managers, retail investors and ETP issuers, set to make it possible for investors to gain exposure in the Swedish small cap market and simplify investment strategies.
Specifically, the pre-trading issue affected trading on Monday for those using routing and special handling (RASH) and/or FIX as well as customers connected directly via OUCH or FLITE, said Nasdaq in its post-mortem report.
The exchange has signed a deal with Thailand-based institutional broker Kiatnakin Phatra Securities (KKPS), designed as a launchpad deal to encourage further adoption in the region.
Non-standard instruments, such as the Argentinian specific asset class, will still be offered on the old system; Caja de Valores said it aims to migrate these instruments onto the new platform within Q1 2024.
Financial Market Infrastructures (FMI) can improve execution quality through streamlined pathways by adopting third party expertise – such as Cloud providers – and reduce friction for participant across the value chain, says Nasdaq paper.
Institutional grade infrastructure from Nasdaq will be utilised to create a single market for Chile, Perú and Colombia.
There is a significant gap in the market for a customisable listed product, an Acuiti report has found.