The Stock Exchange of Thailand (SET) and Nasdaq (Nasdaq: NDAQ) have announced the expansion of their strategic technology collaboration, aimed at modernizing Thailand’s financial markets. This enhanced partnership will focus on bolstering market resilience, ensuring integrity, and aligning with global best practices while tapping into Nasdaq’s advanced AI technologies.

As part of this expanded partnership, SET will facilitate the integration of Nasdaq’s risk management and surveillance solutions across its member organizations. This move is designed to standardize infrastructure throughout Thailand’s market ecosystem. The initiative is an extension of SET’s previous adoption of Nasdaq’s sophisticated surveillance and risk management tools, with the overarching goal of improving efficiency, transparency, and risk management on a systemwide scale. Additionally, SET aims to leverage the collective advantages of a unified market infrastructure, benefiting from Nasdaq’s continuous investments in enhancing its platform, 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.”

Nasdaq’s technology is trusted by 97% of the world’s globally significant banks, half of the top 25 stock exchanges, 35 central banks and regulatory bodies, and over 3,800 clients in the financial services sector. With extensive industry knowledge, advanced technological capabilities, and cloud-managed service expertise, Nasdaq plays a crucial role as a strategic platform partner. It helps financial organizations overcome their most complex operational hurdles while driving modernization efforts throughout the industry.

“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 have announced a strategic collaboration aimed at driving innovation and creating new opportunities for clients across the region. By combining SET’s deep market expertise with Nasdaq’s world-class technological capabilities, this partnership is set to deliver cutting-edge solutions that address the evolving needs of investors and businesses alike. Both parties bring a wealth of experience, with SET’s strong client-centric approach and Nasdaq’s advanced technical infrastructure forming a powerful alliance that promises to reshape the future of the capital markets.

Through this collaboration, SET and Nasdaq will leverage their combined strengths to enhance market accessibility, transparency, and efficiency. Their shared vision is to create a more dynamic and competitive market environment, ultimately benefiting investors, issuers, and market participants across Southeast Asia. By integrating Nasdaq’s robust technology with SET’s local expertise, the partnership will provide unparalleled support for the growth of regional financial markets.

In addition to improving market infrastructure, this partnership seeks to position Thailand as a global leader in financial innovation. As one of Asia’s most dynamic economies, Thailand stands to benefit significantly from this alliance, attracting international investors and fostering a new wave of financial technology advancements. Together, SET and Nasdaq are building a future-ready capital market ecosystem that will serve as a cornerstone for Thailand’s continued growth as a key financial hub in the region.

As both organizations continue to work closely together, the collaboration is set to lay the foundation for an innovative and sustainable capital market. This forward-thinking partnership not only enhances Thailand’s financial sector but also establishes a model for other markets in the region to follow. With their combined efforts, SET and Nasdaq are paving the way for the next generation of capital markets in Southeast Asia and beyond.

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