Nasdaq expands risk platform into Asia in partnership with Thailand’s top broker KKPS
“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.”
Nasdaq has officially marked its expansion into Asia’s financial risk management sector by securing Kiatnakin Phatra Securities (KKPS), Thailand’s largest institutional broker, as its first client in the region for the Nasdaq Risk Platform.
The partnership is a milestone step for Nasdaq in broadening its reach across Asia, leveraging its success in the U.S. and Europe. The move is also in line with the Stock Exchange of Thailand’s strategy to upgrade its market infrastructure using best practices.
Nasdaq Risk Platform offered as SaaS model
The relationship between Nasdaq and KKPS goes back many years as the Thai broker already employs Nasdaq’s Trade Surveillance technology. Now, with the Nasdaq Risk Platform, KKPS will enjoy a swift onboarding to the cloud-based service, thanks to the software-as-a-service (SaaS) model managed by Nasdaq. This allows KKPS to concentrate on its strategic goals without the operational overhead of managing the platform.
The Nasdaq Risk Platform is renowned globally for providing financial institutions with a comprehensive, real-time view of risk across trading portfolios. This system is essential for supporting real-time decision-making, especially as market volumes and participation increase, necessitating advanced risk management tools and practices.
Designed to scale rapidly during periods of significant market volatility, the risk platform ensures robust live stress testing and risk management and adds updates and new features every three weeks.
Nasdaq, known for its global technology leadership in the financial markets, continues to support the evolution of global capital markets with its data, analytics, software, and client-centric services, contributing to a transparent, liquid, and integrity-driven global economy.
“Unlocking overnight liquidity, improving capital efficiency, and protecting underlying clients”
Magnus Haglind, SVP and Head of Marketplace Technology at Nasdaq, commented: “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. 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: “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.”
