The Stock Exchange of Thailand (SET) and NASDAQ (NASDAQ: NDAQ) today announced an extensive corporate relationship of strategic technology aimed at modernizing Thai capital markets.
The collaboration focuses on enhancing the durability and integrity of the market, and is in line with global standards and utilizing NASDAQ’s AI capabilities.
The set will promote the adoption of NASDAQ’s risk and surveillance platforms in the context of its members’ community to help drive consistent infrastructure throughout the market ecosystem. The initiative is based on the development of Nasdaq’s advanced surveillance and danger by SET with the aim of enhancing effectiveness, transparency and risk management and risk management. The set seeks to benefit from the benefits of the joint market of the common market, as well as Nasdaq’s ongoing investment in modernization, standardization and enhancing the capabilities of the platform, architecture, API, AI integration and products.
“The Thai Stock Exchange plays a vital role that supports sustainable growth and attraction of capital investment in Thailand and the wider Southeast Asia region,” said Tal Cohen, Nasdaq president. “Our expanded technological collaboration with the SET supports their continuous modernization journey to enhance the liquidity, transparency and integrity of their market, thereby promoting the confidence and confidence of investors in the economic ecosystem.”
“Durability and integrity are essential for living capital markets, attracting international investment,” said Asadej Kongsiri, president of the Thai stock market. “By adopting the advanced Nasdaq risk and surveillance solutions and promoting them throughout the community of our members, we strengthen the foundations for prudent risk management, capital efficiency and investor confidence.
“Our relentless focus on R&D reinforces our ability to increase the modernization of technology in all world capital markets,” said Magnus Haglind, head of market technology in Nasdaq. “This expanded partnership reflects our ability to create profound strategic relationships in an extensive series of critical critical solutions and we are excited to work together to enhance the durability and integrity of the Thai capital market ecosystem.”
Set and Nasdaq will also work together to innovate and unlock new customer service opportunities across the area, drawing on the deep market know-how, proven client-based solutions and strong technical capabilities- further enhancing deep technology.
Together, Set and Nasdaq lay the foundations for a powerful, ready -made ecosystem of capital market ecosystem to further strengthen Thailand’s position as a regional innovation leader and economic hub.