The Stock Exchange of Thailand joins NASDAQ to enhance the potential of the Thai capital market with technology. The collaboration aims to integrate advanced technological solutions to improve trading efficiency, transparency, and accessibility for investors. By leveraging NASDAQ’s cutting-edge platforms, the Stock Exchange of Thailand seeks to attract more international investors and offer a more robust infrastructure for market participants.
Key Points
- The SET signed an MOU with Nasdaq to expand cooperation in technology development, enhance trading supervision and risk management in the Thai capital market.
- Ready to create opportunities for technological innovation Using the expertise of the Stock Exchange of Thailand Offering solutions to users in the region
The Stock Exchange of Thailand and Nasdaq have signed a Memorandum of Understanding to enhance strategic cooperation in technology development, aiming to optimize the infrastructure of the Thai capital market. The initiative focuses on advancing trading supervision, risk management, and the integration of AI technology.
Mr. Assadej Kongsiri Director & Manager The Stock Exchange of Thailand (SET) said that the Stock Exchange of Thailand aims to continuously upgrade the infrastructure of the Thai capital market by applying cutting-edge technology to increase its potential. This collaboration with Nasdaq focuses on increasing the efficiency of securities trading supervision. High-frequency trading (HFT) transactions and short selling, as well as encouraging member companies to participate in the same standard of risk management and investment efficiency. It is believed that this development will be an important factor to drive the strong growth of the Thai capital market and reinforce its position as one of the leaders in the ASEAN region.
Mr. Tal Cohen , President of Nasdaq, said that the Stock Exchange of Thailand plays an important role in supporting sustainable growth and attracting investment to Thailand and Southeast Asia. The expansion of the technological cooperation between Nasdaq and the SET will support the operation of the SET. To build investor confidence under the Thai capital market ecosystem. Nasdaq is pleased to be a part of strengthening the potential of the Thai capital market. It is ready to push Thailand to become an innovation leader and a regional financial center.
in addition The SET and Nasdaq also collaborate to find new innovation opportunities using the SET’s expertise. The solution developed by SET’s experienced team to be offered to Nasdaq’s clients in Southeast Asia will be used by the SET, which will also reinforce the strength of SET’s technological capabilities as a strategic partner of Nasdaq.
Nasdaq’s technology is globally embraced, playing a crucial role in the international financial system. It powers 97 percent of the world’s top 25 stock exchanges, including 35 central banks and regulators, and serves over 3,800 organizations within the financial services sector. Beyond its technological expertise, Nasdaq excels in business and cloud services, offering tailored solutions that foster industry advancement through innovative technology. Notably, since 2023, the Stock Exchange of Thailand and the Derivatives Market have utilized a trading system developed in collaboration with Nasdaq, reflecting international standards of technology and innovation.
