Nasdaq Expands Bank and Broker-Dealer Risk Platform into Asia
NEW YORK and BANGKOK, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced it has secured the first client to adopt its Risk Platform in Asia having signed a multi-year agreement with Kiatnakin Phatra Securities (KKPS), the largest institutional broker in Thailand. The deal provides a launchpad to offer the product to banks and broker-dealers across the region, building on the experience and capabilities developed serving clients across major markets in the U.S. and Europe.
- Nasdaq Risk Platform secures first customer in Thailand, serving as an anchor client in Asia
Significantly enhances Kiatnakin Phatra Securities’ real-time risk capability, providing a competitive advantage
NEW YORK and BANGKOK, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced it has secured the first client to adopt its Risk Platform in Asia having signed a multi-year agreement with Kiatnakin Phatra Securities (KKPS), the largest institutional broker in Thailand. - The Nasdaq Risk Platform is widely used by financial institutions globally, providing a live view of risk across proprietary and client trading portfolios with detailed analytics to support real-time decision-making.
- As market volumes and participation grows, it will be increasingly important to adopt more sophisticated risk management practices and tools.
- Dr. Thananun Siwamogsatham, Head of Risk Management at KKPS, added: “We are excited to elevate our partnership with Nasdaq to enhance KKPS’ risk platform.