Nasdaq partners with IDX to enhance technology, aiming for revenue growth

From NASDAQ MarketSite: 2024-06-17 11:36:00

Nasdaq expands partnership with Indonesia Stock Exchange (IDX) to upgrade capital market structure. Deal includes enhancing trading platform with Nasdaq’s advanced matching engine, surveillance partnership, and improving IDX’s Index business. NDAQ aims for increased market activity and more demand for services with potential revenue growth.

Nasdaq’s collaboration with IDX to improve Indonesia’s market modernization journey, drive market transparency, and operational efficiency. NDAQ’s strategy focuses on stable income streams, aiming to become a financial services-based company. The partnership benefits both parties, aligning with Indonesia’s regulatory goals for a sustainable capital market.

Nasdaq carries a Zacks Rank #4 (Sell) and has gained 5.8% in the past six months. The partnership with IDX is expected to boost NDAQ’s Financial Technology segment revenues. Other recommended stocks in the Finance space include COIN, EEFT, and BRO. Predictions indicate significant growth opportunities for NDAQ and potential surge in months to come.

Read more at Nasdaq: Nasdaq (NDAQ) and IDX Strengthen Technology Partnership