Nasdaq expands risk platform into Asia in partnership with Thailand’s top broker KKPS

Rick Steves

“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.”

  • Read this next

    Retail FX

    Weekly Roundup: FX prop firms switch to cTrader, who moved $1.35B BTC?

    The foreign exchange and cryptocurrency markets are always active, and this past week was no exception. Stay ahead with a selection of essential stories and updates that matter most to market participants.

    Digital Assets

    Bitcoin breaks all records with a massive $1.347 billion transaction

    This transaction has surpassed previous records, setting a new benchmark for Bitcoin trades. Before this event, the largest Bitcoin transactions included a $1.1 billion trade in April 2020 involving 161,500 BTC, and other significant transactions ranging from $491 million to $1.033 billion throughout 2019 and 2020.

    Digital Assets

    Uniswap debuts Ethereum ‘uni.eth’ subdomains

    Decentralized exchange platform Uniswap has integrated Ethereum Name Service (ENS), allowing users to create human-readable domain names and cryptocurrency wallet addresses using .eth endings.

    Web3

    Magic Square Expands with TruePNL Acquisition

    Binance’s web3 app store, Magic Square, acquired token platform TruePNL in a cash deal this week for an undisclosed sum. The deal brings TruePNL’s infrastructure (excluding branding & token) under Magic Square’s wing. Initially seeking a partnership, Magic Square opted for a full acquisition.

    Crypto Insider

    The Future of Prediction Markets? Zeitgeist Launches Decentralized Court System

    Polkadot-powered prediction market protocol Zeitgeist has announced the launch of its latest innovation: a decentralized court system.

    Digital Assets

    Crypto exchange Kraken fires back at SEC lawsuit, claiming overreach

    Crypto exchange Kraken is pushing back against the U.S. Securities and Exchange Commission (SEC), seeking to toss out a lawsuit that accused the platform of operating without proper registration.

    Industry News

    Exness Named a Best Place to Work in 2024

     Global leader Exness, tops in retail trading volume, earns 2024 “Best Place to Work” award, cementing its employee-centric culture after three prior years of winning the Cyprus national title.

    Digital Assets

    Swan Bitcoin taps Bakkt for crypto offering in the US

    “We are thrilled to be taking this exciting step forward in our partnership with Swan. This is just the beginning of our collaboration, as we intend to explore further growth opportunities together in the future, including expansion into international markets.”

    Digital Assets

    Polkadot Awards Bifrost a 500,000 DOT Loan to Enhance Liquid Staking Adoption

    Bifrost, a leader in liquid staking solutions, has secured a 500,000 DOT loan from Polkadot’s treasury to expand the reach and utility of its vDOT product within the ecosystem.

    <