Nasdaq and Thailand Stock Exchange Expand Partnership

The Stock Exchange of Thailand (SET) has expanded its strategic partnership with Nasdaq in a bid to modernize the region’s capital markets ecosystem according to a story in The Trade news. Specifically, the stock exchange’s infrastructure will be enhanced by Nasdaq’s risk and surveillance technology, improving its market resilience, aligning with global standards, and leveraging Nasdaq’s AI capabilities. The move follows SET’s prior deployment of Nasdaq’s advanced surveillance and risk technology in February 2024. SET had previously launched a new trading system which was based on Nasdaq technology in 2023. “SET plays a vital role supporting sustainable growth and attracting capital investment for Thailand and the broader Southeast Asia region,” said Tal Cohen, president of Nasdaq. Currently, Nasdaq’s technology is used by 97% of ‘global systematically important banks’ according to the firm, which includes half of the world’s top 25 stock exchanges, 35 central banks and regulatory authorities. SET and Nasdaq have confirmed that they are set to work together on future innovation in the region, looking to enhance Thailand’s position as a leading financial hub.