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Highlights

  • SET to implement Nasdaq's AI-enabled risk and surveillance platforms market-wide
  • Focus on enhancing market resilience, integrity, and regulatory compliance across Thailand
  • Collaboration targets global infrastructure alignment and technology modernization

The Stock Exchange of Thailand (SET) and Nasdaq (Nasdaq: NDAQ) have announced an expanded strategic technology partnership aimed at advancing the modernization of Thailand’s capital markets. The collaboration emphasizes infrastructure alignment with global standards, increased transparency, and enhanced market surveillance.

Under the agreement, SET will promote Nasdaq’s advanced risk and surveillance platforms to its market participants. This move builds upon SET’s existing deployment of Nasdaq’s technology and seeks to extend system-wide consistency in monitoring trading activities, improving regulatory compliance, and reducing operational risk. The platforms include AI-driven capabilities to identify market abuse, short selling, and high-frequency trading anomalies.

The broader goal is to strengthen the resilience and transparency of Thailand’s financial markets. By fostering common infrastructure among its member firms, SET anticipates improvements in data integration, risk management, and market oversight.

Nasdaq’s surveillance and risk tools are already in use by a significant portion of the global financial system, including 97% of systemically important banks and 35 central banks. This expanded collaboration reflects a global trend toward scalable, cloud-based, and AI-enhanced infrastructure in capital markets.

According to Nasdaq, this partnership supports a long-term strategy to drive standardization, strengthen platform APIs, and deliver next-generation regulatory technology. For SET, it is also a step toward reinforcing its role as a key player within the ASEAN financial ecosystem.

While no financial terms of the deal were disclosed, the strategic nature of the partnership suggests a significant commitment to ongoing technology adoption and shared development goals. Both organizations signaled an interest in further innovation to serve regional financial institutions and regulators.

The partnership adds to Nasdaq’s portfolio of global exchange collaborations and positions SET to more effectively address evolving market risks and regulatory demands.