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Nasdaq Threat Platform secures first buyer in Thailand, serving as an anchor consumer in Asia
Considerably enhances Kiatnakin Phatra Securities’ real-time danger functionality, offering a aggressive benefit
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Displays Nasdaq’s pivotal function supporting modernization of Thailand’s monetary providers ecosystem
NEW YORK and BANGKOK, Feb. 13, 2024 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) right now introduced it has secured the primary consumer to undertake its Threat Platform in Asia having signed a multi-year settlement with Kiatnakin Phatra Securities (KKPS), the most important institutional dealer in Thailand. The deal offers a launchpad to supply the product to banks and broker-dealers throughout the area, constructing on the expertise and capabilities developed serving purchasers throughout main markets within the U.S. and Europe.
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The Nasdaq Threat Platform is broadly utilized by monetary establishments globally, offering a stay view of danger throughout proprietary and consumer buying and selling portfolios with detailed analytics to assist real-time decision-making. As market volumes and participation grows, it will likely be more and more vital to undertake extra refined danger administration practices and instruments.
The Inventory Change of Thailand has a transparent technique to reinforce its market infrastructure, incorporating trade finest apply and state-of-the-art applied sciences. Final 12 months it launched a brand new change buying and selling system, alongside market knowledge distribution and market surveillance programs, primarily based on Nasdaq expertise. Immediately’s announcement additionally expands Nasdaq’s partnership with KKPS, with the corporate already utilizing Nasdaq Commerce Surveillance expertise to additional improve belief and transparency available in the market.
“Nasdaq is taking part in a pivotal function on the coronary heart of Thailand’s market modernization story, supporting the event of a deep and complicated ecosystem of capital market members,” mentioned Magnus Haglind, SVP and Head of Market Know-how at Nasdaq. “Institutional grade expertise is a vital enabler of well-functioning markets, which finally assist drive inclusive progress and prosperity throughout the broader economic system. A key part of that’s having a danger platform able to navigating more and more complicated markets, which additionally serves as an amazing aggressive benefit, unlocking in a single day liquidity, bettering capital effectivity, and defending underlying purchasers.”
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As a cloud-based service KKPS will profit from a fast onboarding course of. The SaaS resolution is totally managed by Nasdaq, which can enable KKPS to give attention to executing its core technique.
Dr. Thananun Siwamogsatham, Head of Threat Administration at KKPS, added: “We’re excited to raise our partnership with Nasdaq to reinforce KKPS’ danger platform. Collectively, we goal to set a brand new customary for precision, perception, and flexibility in real-time danger monitoring and management. This collaboration highlights our dedication to pushing the boundaries of innovation in danger administration, and we stay up for leveraging the strengths of each entities to create worth for our purchasers and stakeholders.”
The platform additionally has the flexibility to scale rapidly throughout occasions of great market volatility, when stay stress testing and danger administration functionality is crucial. New performance and capabilities are delivered to all purchasers each three weeks, which allows enterprise improvement cycles which might be far more agile in comparison with conventional on-premises software program installations.
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About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a number one world expertise firm serving company purchasers, funding managers, banks, brokers, and change operators as they navigate and work together with the worldwide capital markets and the broader monetary system. We aspire to ship world-leading platforms that enhance the liquidity, transparency, and integrity of the worldwide economic system. Our numerous providing of knowledge, analytics, software program, change capabilities, and client-centric providers allows purchasers to optimize and execute their enterprise imaginative and prescient with confidence. To study extra in regards to the firm, expertise options, and profession alternatives, go to us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
Nasdaq Media Contact
Andrew Hughes
+44 (0)7443 100896
Andrew.Hughes@nasdaq.com
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