Nasdaq Expands Bank and Broker-Dealer Risk Platform into Asia
13 Februar 2024 - 3:00AM
UK Regulatory
Nasdaq Expands Bank and Broker-Dealer Risk Platform into Asia
Nasdaq Risk Platform secures first customer
in Thailand, serving as an anchor client in Asia
Significantly enhances Kiatnakin Phatra
Securities’ real-time risk capability, providing a competitive
advantage
Reflects Nasdaq’s pivotal role supporting
modernization of Thailand’s financial services ecosystem
NEW YORK and BANGKOK, Feb. 13, 2024 (GLOBE
NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today 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 U.S. and Europe.
The Nasdaq Risk 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 has a clear strategy to enhance
its market infrastructure, incorporating industry best practice and
state-of-the-art technologies. Last year it launched a new exchange
trading system, alongside market 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.
“Nasdaq is playing a pivotal role at the heart of Thailand’s
market modernization story, supporting the development of a deep
and sophisticated ecosystem of capital market participants,” said
Magnus Haglind, SVP and Head of Marketplace Technology at Nasdaq.
“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.”
As a cloud-based service KKPS will benefit from a rapid
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 elevate our partnership with Nasdaq to
enhance KKPS’ risk platform. 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.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading global technology company
serving corporate clients, investment managers, banks, brokers, and
exchange operators as they navigate and interact with the global
capital markets and the broader financial system. We aspire to
deliver world-leading platforms that improve the liquidity,
transparency, and integrity of the global economy. Our diverse
offering of data, analytics, software, exchange capabilities, and
client-centric services enables clients to optimize and execute
their business vision with confidence. To learn more about the
company, technology solutions, and career opportunities, visit 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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