NEW YORK and BANGKOK - Nasdaq (NASDAQ: NDAQ) has announced a multi-year partnership with Kiatnakin Phatra Securities (KKPS), marking its first client in Asia for the Nasdaq Risk Platform. This agreement signifies a strategic move to expand the platform's footprint across the region, leveraging KKPS's position as Thailand's largest institutional broker.
The Nasdaq Risk Platform is designed to provide financial institutions with a real-time view of risk across trading portfolios, offering detailed analytics to support decision-making. The adoption of such technology comes as part of the Stock Exchange of Thailand's strategy to enhance market infrastructure using advanced technology, including the recent launch of a new exchange trading system and market surveillance systems based on Nasdaq's solutions.
Magnus Haglind, SVP and Head of Marketplace Technology at Nasdaq, emphasized the importance of institutional-grade technology in developing well-functioning markets that contribute to economic growth and prosperity. He noted that the risk platform is a competitive advantage, enabling better liquidity, capital efficiency, and client protection.
KKPS will benefit from the cloud-based service's rapid onboarding process and the SaaS solution's fully managed nature, allowing the firm to concentrate on its core strategy. Dr. Thananun Siwamogsatham, Head of Risk Management at KKPS, expressed enthusiasm for the enhanced risk management capabilities and the potential for setting new standards in real-time risk monitoring and control.
The platform is also equipped to scale during periods of heightened market volatility, providing essential live stress testing and risk management features. Clients receive new functionalities every three weeks, fostering more agile business development compared to traditional software installations.
This collaboration is part of Nasdaq's broader role in supporting the modernization of Thailand's financial services ecosystem and marks a significant step in its global expansion strategy.
The information for this report is based on a press release statement.
InvestingPro Insights
Nasdaq (NASDAQ: NDAQ) continues to demonstrate its commitment to growth and innovation, as evidenced by its recent partnership with Kiatnakin Phatra Securities. This strategic move is supported by the company's strong financial metrics and a history of consistent dividend growth. According to InvestingPro data, Nasdaq boasts a market capitalization of $32.79 billion and a Price/Earnings (P/E) ratio of 27.06, reflecting investor confidence in its future earnings potential.
InvestingPro Tips reveal that Nasdaq has raised its dividend for 12 consecutive years, underlining its financial stability and commitment to shareholder returns. Additionally, the company has maintained dividend payments for 13 consecutive years, which is a testament to its consistent performance and prudent financial management. These factors are particularly relevant for investors seeking reliable income streams in their portfolios.
While analysts have revised their earnings expectations downwards for the upcoming period and anticipate a sales decline in the current year, Nasdaq’s track record of profitability over the last twelve months and robust returns over the last decade suggest a resilient business model. The company's ability to navigate market cycles and maintain profitability is crucial for long-term investor confidence, especially in the dynamic financial services sector.
For readers interested in gaining a deeper understanding of Nasdaq's financial health and future prospects, InvestingPro offers additional insights and metrics. By using the coupon code PRONEWS24, readers can access these exclusive tips at a discounted rate on a yearly or biyearly Pro and Pro+ subscription. With a total of 9 additional InvestingPro Tips available, including insights on earnings multiples and profitability predictions, investors can make more informed decisions by visiting https://www.investing.com/pro/NDAQ.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.