The Stock Exchange of Thailand leverages Nasdaq technology for new trading system

Alongside the trading system, SET is launching market data distribution and market surveillance systems which will help support increasing transaction volumes and a range of investment products.

The Stock Exchange of Thailand (SET) has launched a new trading system, alongside market data distribution and market surveillance systems, based on Nasdaq technology.

The newly developed solution will support increasing transaction volumes and a range of investment products, while further enhancing the integrity of the market.

According to SET, all systems are operating at full efficiency in line with international standards and best practice.

This implementation falls in line with the ongoing development of the modern Thai capital market, which aims to promote economic growth and stability, as well as developing people’s standard of living.

On 8 May, Thailand Futures Exchange (TFEX) inaugurated the new trading system, the data distribution system and the market surveillance system using technology developed in collaboration with Nasdaq.

SET stated that the new systems have achieved a smooth transition, allowing for increased efficiency, faster order management and the support of increasing volume transactions.

“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,” said Pakorn Peetathawatchai, president of SET.

“This success will not be possible without all parties involved consisting of regulatory entities, member companies, system developers, and related entities that have helped support, develop and test the system continuously until the launch of this new system, another milestone for the development of the Thai capital market for future sustainable growth.”

This latest development follows the Dhaka Stock Exchange (DSE) extending its technology partnership with Nasdaq earlier this year to support its expansion into new market areas.

As part of the partnership, an agreement was reached to upgrade Nasdaq’s X-stream INET technology. The DSE said this was to accommodate increased trading activity on its platforms and facilitate the next stage of its expansion.

“The successful 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,” said Roland Chai, executive vice president and head of marketplace technology at Nasdaq.

“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 support the ongoing development of SET as it serves the Asian market.”