STOCKHOLM, Sweden and JAKARTA, Indonesia, Feb 26 (Bernama-GLOBE NEWSWIRE) — KSEI (PT Kustodian Sentral Efek Indonesia), the central securities depository (CSD) of Indonesia, has successfully gone live with a new CSD solution by market technology provider Nasdaq (Nasdaq: NDAQ). The new and state-of-the-art CSD platform from Nasdaq provides KSEI with increased capacity and speed, with the new system operating at 40 times faster than KSEI’s previous system, while managing up to 80,000 settlement instructions per minute.
“The exceptional partnership that evolved between KSEI and Nasdaq resulted in a robust and dynamic solution that enables us to process larger volumes of transactions with speed and agility,” said Uriep Budhi Prasetyo, the President Director at KSEI. “The functionally rich performance of our new solution from Nasdaq supports the expansion of Indonesia’s capital markets and the growing number of investors in the region. The significantly more robust system will drastically boost our productivity and will strengthen our region’s market infrastructure for years to come.”