The Stock Exchange of Thailand (SET) has launched its new trading system, together with market data distribution and market surveillance systems, based on Nasdaq technology.
The solution aims to support increasing transaction volumes and a variety of investment products, while enhancing the trust and integrity of the market. In addition, it is designed to increase efficiency and enable faster order management.
This implementation marks a significant milestone in the ongoing development of the modern Thai capital market, says SET.
The platform uses Nasdaq’s Market Surveillance Technology, Index Calculation Technology and Pre-trade Risk Management service.
According to SET, the exchange has the highest liquidity among ASEAN exchanges. In 2022, capital raised through initial public offerings (IPOs) totalled US$3.46 billion, the highest in ASEAN and the fourth largest in Asia, following China, South Korea, and India.
Commenting on the development, SET President Pakorn Peetathawatchai says: “The new system implementation is an upgrade of the core operating system that is the heart of the Thai capital market, making it more efficient and flexible, ready to support the development of the capital market in the future.”
Roland Chai, Nasdaq executive vice president and head of marketplace technology, adds: “The launch across a broad range of Nasdaq’s solutions reflects the benefits of an integrated approach to upgrading technology infrastructure, and a clear strategy to meet the evolving demands of the market.
“Global capital markets are increasingly demanding resilient and robust technology, capable of withstanding ever-greater volatility and volume. Well-functioning, trusted markets are critical to inclusive growth and prosperity, and we are pleased to support the ongoing development of SET as it serves the Asian market.
“The technology has been implemented in partnership with Nasdaq, providing an efficient, robust and fair platform to facilitate trading across a broad spectrum of asset classes.”
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