Thai Broker KKPS Tapped Nasdaq for Banking and Brokerage Risk Platform

American stock exchange Nasdaq has inked its first client for its banking and brokerage risk platform in Asia.

Thailand's Kiatnakin Phatra Securities (KKPS), the largest institutional broker in Thailand, has reportedly signed a multi-year agreement with Nasdaq to adopt its risk platform.

The deal provides a launchpad to offer the product to banks and broker-dealers across the region, building on the experience and capabilities developed serving clients across major markets in the U.S. and Europe, Nasdaq said.

In particular, the platform will provide a live view of risk across propriety and client trading portfolios with detailed analytics to support real-time decision-making.

KKPS is expected to benefit from a rapid onboarding process, whilst the SaaS solution is fully managed by Nasdaq. 

(Source: Asian Banking and Finance)