The Stock Exchange of Thailand Expands Strategic Partnership with Nasdaq to Modernize Capital Market Ecosystem
The Stock Exchange of Thailand (SET) and Nasdaq (NDAQ) have expanded their strategic technology partnership to modernize Thailand's capital markets. SET will implement and promote Nasdaq's risk and surveillance platforms across its member community to enhance market resilience and integrity. The partnership leverages Nasdaq's AI capabilities and advanced technology infrastructure to improve systemwide efficiency, transparency, and risk management.
Nasdaq's technology currently serves 97% of global systematically important banks, half of the world's top 25 stock exchanges, 35 central banks, and 3,800+ financial services clients. The collaboration aims to strengthen Thailand's position as a regional financial hub while enhancing its ability to detect market abuse and monitor high-frequency trading and short-selling activities.
La Borsa della Thailandia (SET) e Nasdaq (NDAQ) hanno ampliato la loro partnership tecnologica strategica per modernizzare i mercati dei capitali thailandesi. SET implementerà e promuoverà le piattaforme di rischio e sorveglianza di Nasdaq tra la sua comunità di membri per migliorare la resilienza e l'integrità del mercato. La collaborazione sfrutta le capacità di intelligenza artificiale di Nasdaq e la sua avanzata infrastruttura tecnologica per aumentare l'efficienza, la trasparenza e la gestione del rischio a livello di sistema.
La tecnologia di Nasdaq serve attualmente il 97% delle banche sistemicamente importanti a livello globale, metà delle prime 25 borse valori mondiali, 35 banche centrali e oltre 3.800 clienti nel settore finanziario. Questa collaborazione punta a rafforzare la posizione della Thailandia come hub finanziario regionale, migliorando al contempo la capacità di rilevare abusi di mercato e monitorare il trading ad alta frequenza e le attività di vendita allo scoperto.
La Bolsa de Valores de Tailandia (SET) y Nasdaq (NDAQ) han ampliado su asociación tecnológica estratégica para modernizar los mercados de capitales de Tailandia. SET implementará y promoverá las plataformas de riesgo y vigilancia de Nasdaq entre su comunidad de miembros para mejorar la resiliencia e integridad del mercado. La alianza aprovecha las capacidades de inteligencia artificial de Nasdaq y su avanzada infraestructura tecnológica para mejorar la eficiencia, transparencia y gestión de riesgos a nivel sistémico.
La tecnología de Nasdaq actualmente da servicio al 97% de los bancos sistemáticamente importantes a nivel mundial, a la mitad de las 25 principales bolsas de valores del mundo, a 35 bancos centrales y a más de 3.800 clientes de servicios financieros. Esta colaboración busca fortalecer la posición de Tailandia como un centro financiero regional y mejorar su capacidad para detectar abusos en el mercado y monitorear el trading de alta frecuencia y las ventas en corto.
태국 증권거래소(SET)와 나스닥(NDAQ)은 태국 자본시장의 현대화를 위해 전략적 기술 파트너십을 확장했습니다. SET는 회원 커뮤니티 전반에 걸쳐 나스닥의 리스크 및 감시 플랫폼을 도입하고 홍보하여 시장의 회복력과 무결성을 강화할 예정입니다. 이번 파트너십은 나스닥의 인공지능 능력과 첨단 기술 인프라를 활용하여 시스템 전반의 효율성, 투명성 및 리스크 관리를 향상시킵니다.
나스닥의 기술은 현재 전 세계 시스템상 중요한 은행의 97%, 세계 상위 25개 증권거래소의 절반, 35개 중앙은행, 그리고 3,800개 이상의 금융 서비스 고객에게 서비스를 제공하고 있습니다. 이번 협력은 태국이 지역 금융 허브로서의 입지를 강화하고, 시장 남용 탐지 및 고빈도 거래와 공매도 활동 모니터링 능력을 향상시키는 것을 목표로 합니다.
La Bourse de Thaïlande (SET) et Nasdaq (NDAQ) ont étendu leur partenariat technologique stratégique pour moderniser les marchés financiers thaïlandais. SET mettra en œuvre et promouvra les plateformes de gestion des risques et de surveillance de Nasdaq auprès de sa communauté de membres afin de renforcer la résilience et l'intégrité du marché. Ce partenariat s'appuie sur les capacités d'intelligence artificielle de Nasdaq et son infrastructure technologique avancée pour améliorer l'efficacité, la transparence et la gestion des risques à l'échelle du système.
La technologie de Nasdaq sert actuellement 97 % des banques systémiques mondiales, la moitié des 25 plus grandes bourses mondiales, 35 banques centrales et plus de 3 800 clients dans les services financiers. Cette collaboration vise à renforcer la position de la Thaïlande en tant que centre financier régional tout en améliorant sa capacité à détecter les abus de marché et à surveiller le trading à haute fréquence ainsi que les ventes à découvert.
Die Börse von Thailand (SET) und Nasdaq (NDAQ) haben ihre strategische Technologiepartnerschaft erweitert, um die Kapitalmärkte Thailands zu modernisieren. SET wird die Risiko- und Überwachungsplattformen von Nasdaq in seiner Mitglieder-Community implementieren und fördern, um die Marktresilienz und Integrität zu stärken. Die Partnerschaft nutzt die KI-Fähigkeiten von Nasdaq und die fortschrittliche technologische Infrastruktur, um die Systemeffizienz, Transparenz und Risikomanagement zu verbessern.
Die Technologie von Nasdaq bedient derzeit 97 % der weltweit systemrelevanten Banken, die Hälfte der 25 größten Börsen der Welt, 35 Zentralbanken und über 3.800 Finanzdienstleistungskunden. Die Zusammenarbeit zielt darauf ab, Thailands Position als regionales Finanzzentrum zu stärken und gleichzeitig die Fähigkeit zur Erkennung von Marktmissbrauch sowie zur Überwachung von Hochfrequenzhandel und Leerverkäufen zu verbessern.
- Expansion of Nasdaq's market presence in Southeast Asia through strategic partnership
- Potential for increased revenue through wider adoption of Nasdaq's technology solutions
- Strengthens Nasdaq's position as a leading global market technology provider
- None.
Insights
Nasdaq's expanded partnership with Thailand's exchange strengthens its global market infrastructure leadership, potentially boosting recurring technology revenue.
This expanded strategic partnership between Nasdaq and the Stock Exchange of Thailand (SET) represents a meaningful reinforcement of Nasdaq's dominant position in global market infrastructure technology. The deal focuses specifically on risk management and surveillance solutions - high-margin, mission-critical technologies that typically generate stable recurring revenue streams.
What makes this partnership particularly notable is that SET will not only use Nasdaq's technologies itself but will actively promote these platforms across its entire member community. This adoption strategy creates a multiplier effect, potentially expanding Nasdaq's customer base throughout Thailand's financial ecosystem while building standardization that increases switching costs.
The partnership leverages Nasdaq's AI capabilities and ongoing platform investments, suggesting the deal includes Nasdaq's newest generation of tools. This aligns with Nasdaq's strategic pivot toward becoming a technology-first company rather than primarily an exchange operator.
Contextually, this expansion reflects Nasdaq's continuing success in
For Nasdaq, technology services represent a crucial growth vector with higher margins and more predictable revenue than traditional exchange operations. While financial terms weren't disclosed, technology partnerships typically contribute to Nasdaq's recurring revenue base, strengthening long-term business stability.
SET to Advance Capital Market Infrastructure with Nasdaq’s Risk and Surveillance Technology
NEW YORK and BANGKOK, May 13, 2025 (GLOBE NEWSWIRE) -- The Stock Exchange of Thailand (SET) and Nasdaq (Nasdaq: NDAQ) today announced an expanded strategic technology partnership aimed at modernizing Thailand’s capital markets. The collaboration focuses on strengthening market resilience and integrity while aligning with global standards and leveraging Nasdaq’s AI capabilities.
SET will promote the adoption of Nasdaq’s risk and surveillance platforms within its member community to help drive consistent infrastructure across its market ecosystem. The initiative builds on SET’s own deployment of Nasdaq’s advanced surveillance and risk technology with the goal of enhancing systemwide efficiency, transparency, and risk management. SET seeks to benefit from the community-wide benefits of common market infrastructure as well as Nasdaq’s ongoing investment to modernize, standardize, and strengthen its platform capabilities, application architecture, APIs, AI integration, and product development.
“The Stock Exchange of Thailand plays a vital role supporting sustainable growth and attracting capital investment in Thailand and the broader Southeast Asia region,” said Tal Cohen, President of Nasdaq. “Our expanded technology partnership with SET supports their continued modernization journey to enhance the liquidity, transparency and integrity of their market, thereby fostering trust and investor confidence in the financial ecosystem.”
“Resilience and integrity are essential to vibrant capital markets, attracting international investment,” said Asadej Kongsiri, President of the Stock Exchange of Thailand. “By adopting Nasdaq’s advanced risk and surveillance solutions and promoting them across our member community, we’re strengthening the foundation for prudent risk management, capital efficiency, and investor trust. This integrated approach enhances our ability to detect market abuse, monitor high-frequency trading and short-selling activities, and reinforce Thailand’s leadership position in ASEAN’s capital markets.”
Around the world, Nasdaq’s technology is used by
“Our relentless focus on R&D reinforces our ability to elevate tech modernization across global capital markets,” said Magnus Haglind, Head of Marketplace Technology at Nasdaq. “This expanded partnership reflects our ability to establish deep strategic relationships across an extensive suite of mission-critical solutions and we’re excited to work with SET to strengthen the resilience and integrity of Thailand’s capital market ecosystem.”
SET and Nasdaq will also work together to innovate and unlock new opportunities to serve clients across the region, drawing on SET’s deep market expertise, proven client-centric solutions, and strong technical capabilities—further reinforcing the companies’ deep technology partnership.
Together, SET and Nasdaq are laying the foundation for a robust, future-ready capital market ecosystem to further enhance Thailand’s position as a regional innovation leader and financial hub.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
About Stock Exchange of Thailand
The Stock Exchange of Thailand (SET) is among the most liquid exchanges in ASEAN, providing a full range of investment products including equities, world-class trading and post-trade infrastructure, and technology services. Going forward, SET’s vision “To Make the Capital Market ‘Work’ for Everyone” is aligned with the aim to support strong economic growth and competitiveness. Globally and regionally, SET has also actively coordinated with other exchanges to boost investment opportunities and capital market growth potential. Moreover, SET puts strong emphasis on sustainable growth by promoting listed companies’ business models that care for environmental, social and governance (ESG) practices.
Media Contacts:
Andrew Hughes; +44 (0)7443 100896; Andrew.Hughes@nasdaq.com
Camille Stafford; +1 (234) 934 9513; Camille.Stafford@nasdaq.com
Arada Therdthammakun; +66 (0) 2009 9483; ARADA@set.or.th
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Cautionary Note Regarding Forward-Looking Statements:
Information set forth in this press release contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements can be identified by words such as “will”, and other words and terms of similar meaning. Such forward-looking statements include, but are not limited to, statements related to the benefits of Nasdaq’s technology partnership with SET. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These risks and uncertainties are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
FAQ
What is the purpose of Nasdaq's partnership with the Stock Exchange of Thailand?
How many clients globally use Nasdaq's technology solutions?
What specific technologies will SET implement from Nasdaq (NDAQ)?
How will this partnership benefit Thailand's capital markets?
