The Stock Exchange of Thailand ( SET ) and Nasdaq have expanded a strategic technology partnership aimed at modernizing Thailand’s capital markets, with a focus on strengthening market resilience and integrity while aligning with global standards and leveraging Nasdaq’s artificial intelligence ( AI ) capabilities.

The Thai exchange 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 the SET’s own deployment of Nasdaq’s advanced surveillance and risk technology with the goal of enhancing systemwide efficiency, transparency and risk management.

The SET seeks to gain from the community-wide benefits of common market infrastructure as well as the US exchange’s ongoing investment to modernize, standardize and strengthen its platform capabilities, application architecture, application programming interfaces, AI integration and product development.

“Resilience and integrity are essential to vibrant capital markets, attracting international investment,” says Asadej Kongsiri, the SET’s president. “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 [the Association of Southeast Asian Nations] capital markets.”

Tal Cohen, Nasdaq’s president, adds: “The SET plays a vital role supporting sustainable growth and attracting capital investment in Thailand and the broader Southeast Asia region. Our expanded technology partnership with the 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.”