US exchange operator Nasdaq (NASDAQ:NDAQ) announced that it has secured the first customer to adopt its Risk Platform in Asia, having signed a multi-year agreement with Kiatnakin Phatra Securities (KKPS), the largest institutional broker in Thailand. Nasdaq said the deal provides a starting point for offering the product to banks and broker-dealers across the region, leveraging the experience and capabilities developed to serve clients in major markets in the US and Europe.
The Nasdaq Risk Platform is widely used by financial institutions worldwide, providing a live view of risk across proprietary trading portfolios and clients with detailed analytics to support real-time decision making. As market volumes and participation increase, it will be increasingly important to adopt more sophisticated risk management practices and tools.
The Stock Exchange of Thailand has a clear strategy to strengthen its market infrastructure by incorporating industry best practices and cutting-edge technologies. A new exchange trading system was launched last year, along with data distribution and market surveillance systems based on Nasdaq technology. Today’s announcement also expands Nasdaq’s partnership with KKPS, with the company already using Nasdaq Trade Surveillance technology to further enhance trust and transparency in the market.
Magnus Haglind, SVP and Head of Marketplace Technology at Nasdaq said:
“Nasdaq plays a central role at the heart of Thailand’s market modernization story, supporting the development of a deep and sophisticated ecosystem of capital market participants. Institutional-grade technology is a critical enabler for well-functioning markets, which ultimately contribute to inclusive growth and prosperity across the wider economy. A key component of this is having a risk platform capable of navigating increasingly complex markets, which also acts as a major competitive advantage, unlocking liquidity overnight, improving capital efficiency and protecting underlying clients.”
As a cloud-based service, KKPS will benefit from an expedited onboarding process. The SaaS solution is fully managed by Nasdaq, which will allow KKPS to focus on executing its core strategy.
Dr. Thananun Siwamogsatham, Head of Risk Management at KKPS, added:
“We are excited to upgrade our partnership with Nasdaq to enhance KKPS’s risk platform. Together, we aim to set a new standard for accuracy, insight and adaptability in real-time risk monitoring and control. This partnership underscores our commitment to pushing the boundaries of innovation in risk management, and we look forward to leveraging the strengths of both entities to create value for our clients and stakeholders.”
The platform also has the ability to scale quickly during periods of significant market volatility, when live stress testing and risk management capability are essential. New functionality and features are delivered to all customers every three weeks, enabling business development cycles that are much more agile compared to traditional on-premises software installations.
About Nasdaq
Nasdaq is a leading global technology company serving corporate clients, investment managers, banks, brokers and foreign exchange operators as they navigate and interact with global capital markets and the broader financial system. We aspire to offer world-leading platforms that improve the liquidity, transparency and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities and customer-centric services enables clients to optimize and execute their business vision with confidence.