Today: Jul 20, 2024

Get ready for Tech Tuesday: Thai capital markets tech takeover

5 months ago


TLDR:

  • Thai brokerage Kiatnakin Phatra Securities (KKPS) has signed an agreement to use Nasdaq Risk Platform for real-time risk monitoring and control.
  • The deal with Nasdaq will enable banks and broker-dealers across Asia to access a live view of risk across proprietary and client trading portfolios.

In the latest adoption of sophisticated technology by emerging markets financial services firms, Thai brokerage Kiatnakin Phatra Securities (KKPS) has partnered with Nasdaq to use their Risk Platform for real-time risk monitoring and control. KKPS, the largest institutional broker in Thailand, aims to elevate their local market infrastructure to keep pace with industry modernization trends in the APAC region. The deal with Nasdaq will not only benefit KKPS but will also allow banks and broker-dealers across Asia to strengthen their risk management practices and tools for increased market participation and trading volumes. The partnership represents a crucial step in meeting the demands of the evolving capital markets landscape in the region.

The International Monetary Fund projects significant GDP growth in emerging and developing Asia, highlighting the importance of sophisticated risk management practices in a rapidly expanding market environment. The adoption of technology, such as Nasdaq’s Risk Platform, is crucial for firms to navigate complex markets and improve capital efficiency while protecting clients. By offering detailed analytics and real-time risk monitoring tools, the partnership between KKPS and Nasdaq sets a standard for industry best practices in risk management and paves the way for further technological advancements in the Asian capital markets.