Nasdaq Signs Top Thai Broker for Risk Platform
Kiatnakin Phatra Securities has expanded upon its Nasdaq Trade Surveillance partnership.
The largest institutional broker in Thailand is the first Asian client of the Nasdaq Risk Platform, a service that offers a view of risk for proprietary and client trading portfolios, officials say.
The new client Kiatnakin Phatra Securities (KKPS) has signed a multi-year agreement, which expands upon its Nasdaq Trade Surveillance partnership, officials say.
The Nasdaq Risk Platform, a software-as-a-service (SaaS) offering, provides “a live view of risk across proprietary and client trading portfolios with detailed analytics to support real-time decision-making,” officials say.
The platform has clients across markets in the U.S. and Europe and is now being offered to banks and broker-dealers across Asia-Pacific. The SaaS solution is fully managed by Nasdaq, which will allow KKPS to focus on executing its core strategy.
“We are excited to elevate our partnership with Nasdaq to enhance KKPS’ risk platform,” says Dr. Thananun Siwamogsatham, head of risk management at KKPS, in a prepared 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,” Siwamogsatham says.
Nasdaq is playing a role in “Thailand’s market modernization story,” says Magnus Haglind, senior vice president and head of marketplace technology at Nasdaq, in a statement.
“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,” Haglind says.
“The Stock Exchange of Thailand has a clear strategy to enhance its market infrastructure, incorporating industry best practice and state-of-the-art technologies,” according to Nasdaq. “Last year it launched a new exchange trading system, alongside market data distribution and market surveillance systems, based on Nasdaq technology.”
