Latest news with #AsadejKongsiri
Finextra
13-05-2025
- Business
- Finextra
Stock Exchange of Thailand to promote Nasdaq surveillance platform
The Stock Exchange of Thailand (SET) and Nasdaq (Nasdaq: NDAQ) today announced an expanded strategic technology partnership aimed at modernizing Thailand's capital markets. 0 The collaboration focuses on strengthening market resilience and integrity while aligning with global standards and leveraging Nasdaq's AI capabilities. SET will promote the adoption of Nasdaq's risk and surveillance platforms within its member community to help drive consistent infrastructure across its market ecosystem. The initiative builds on SET's own deployment of Nasdaq's advanced surveillance and risk technology with the goal of enhancing systemwide efficiency, transparency, and risk management. SET seeks to benefit from the community-wide benefits of common market infrastructure as well as Nasdaq's ongoing investment to modernize, standardize, and strengthen its platform capabilities, application 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.' Around the world, Nasdaq's technology is used by 97% of global systematically important banks, half of the world's top 25 stock exchanges, 35 central banks and regulatory authorities, and 3,800+ clients across the financial services industry. As a scaled platform partner, Nasdaq draws on deep industry experience, technology expertise, and cloud managed service experience to help financial services companies solve their toughest operational challenges while advancing industrywide modernization. '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 will also work together to innovate and unlock new opportunities to serve clients across the region, drawing on SET's deep market expertise, proven client-centric solutions, and strong technical capabilities—further reinforcing the companies' deep technology partnership. Together, SET and Nasdaq are laying the foundation for a robust, future-ready capital market ecosystem to further enhance Thailand's position as a regional innovation leader and financial hub.
Bloomberg
31-03-2025
- Business
- Bloomberg
Thailand Reassures Investors Before Trading Resumes After Quake
By and Suttinee Yuvejwattana Save Thai authorities sought to calm investor nerves as the stock exchange prepared to resume trading after a massive earthquake on Friday caused widespread damage to buildings and killed about 18 people. The overall fundamentals of companies listed on the Thai stock exchange remain strong, Asadej Kongsiri, president of the Stock Exchange of Thailand, told a briefing held along with representatives of the Bank of Thailand and the Securities and Exchange Commission among others.
Bloomberg
19-02-2025
- Business
- Bloomberg
Thailand to Curb Short Selling, High-Speed Trades Amid Selloff
Thailand's stock exchange will tighten curbs on short selling and high-frequency trading as it attempts to revive investor confidence in the world's worst performing equity market. Short selling and high-frequency trading will be limited to stocks forming the part of SET100 Index, Asadej Kongsiri, president of the Stock Exchange of Thailand, told a press briefing Wednesday. The course currently allows short selling of stocks in SET100 Index and other securities with some conditions, while there are currently no limits set on high-speed trades, according to Asadej.
