Nasdaq announced it has secured the first client to adopt its risk platform in Asia having signed a multi-year agreement with Kiatnakin Phatra Securities (KKPS), the largest institutional broker in Thailand. The deal provides a launchpad to offer the product to banks and broker-dealers across the region, building on the experience and capabilities developed serving clients across major markets in the US and Europe.
Nasdaq’s platform is widely used by financial institutions globally, providing a live view of risk across proprietary and client trading portfolios with detailed analytics to support real-time decision-making. As market volumes and participation grows, it will be increasingly important to adopt more sophisticated risk management practices and tools.
The Stock Exchange of Thailand launched a new exchange trading system last year, alongside market data distribution and market surveillance systems, based on Nasdaq technology.
Magnus Haglind, SVP and head of Marketplace Technology at Nasdaq, said in a statement: “Institutional grade technology is a critical enabler of well-functioning markets, which ultimately help drive inclusive growth and prosperity across the wider economy. A key component of that is having a risk platform capable of navigating increasingly complex markets, which also serves as a great competitive advantage, unlocking overnight liquidity, improving capital efficiency, and protecting underlying clients.”
Thananun Siwamogsatham, head of Risk Management at KKPS, said in a statement: “Together, we aim to set a new standard for precision, insight, and adaptability in real-time risk monitoring and control. This collaboration highlights our dedication 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 times of significant market volatility, when live stress testing and risk management capability is essential. New functionality and capabilities are delivered to all clients every three weeks, which enables business development cycles that are much more agile compared to traditional on-premises software installations.