Thai Broker KKPS Taps Nasdaq for Trade Surveillance Tech

Kiatnakin Phatra Securities (KKPS), a leading securities company in Thailand, has established a partnership with Nasdaq​, becoming the first local brokerage to leverage the latter's Trade Surveillance technology to enhance its surveillance and market integrity efforts.

With the fully SaaS-based solution, KKPS is able to optimize surveillance processes with the ability to effectively detect, investigate, and manage potential instances of market abuse.

"KKPS is pleased to be partnering with Nasdaq's Trade Surveillance system. Given Nasdaq's leading position as a provider of market surveillance systems, the Nasdaq Trade Surveillance technology will allow KKPS to enhance its market surveillance capabilities and keep pace with global surveillance standards," said Mr. Aphichart Chongsanguanpradab, Managing Director, Head of Legal and Compliance at KKPS.

"We could not be more thrilled to welcome KKPS to Nasdaq's surveillance community of 170+ market participants, 50+ exchanges, and 15+ regulators," said Valerie Bannert-Thurner, SVP, Anti-Financial Crime Technology at Nasdaq. "As the first local broker in Thailand to leverage Nasdaq Trade Surveillance, KKPS will play a pivotal role in continuing to build trust and transparency in the Thailand Stock Market. In line with their vision to grow alongside the success of their clients, the economy, and society – we are excited to work together to further enhance their market integrity efforts and drive investor protection."

Further, within the collaboration with Nasdaq, KKPS will introduce new technologies, approaches, and solutions for its global client base.