KUALA LUMPUR, Feb 26 (Bernama) -- PT Kustodian Sentral Efek Indonesia (KSEI) has successfully gone live with a new central securities depository (CSD) solution by market technology provider, Nasdaq Inc.
The new and state-of-the-art CSD platform 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.
According to a statement, the technology offering is a multi-asset, multi-currency post-trade solution for settlement, depository, corporate actions and asset servicing to support the full service scope for CSDs globally.
For KSEI, the launch of Nasdaq CSD also supports the company’s move to a Delivery-versus-Payment settlement model with Central Bank Money, a transition that contributes to upgraded standards and performance for KSEI and the Indonesian market.
Nasdaq’s market technology powers over 250 of the world’s market infrastructure organisations and market participants in over 50 countries with end-to-end, mission-critical technology solutions.