SET and Nasdaq expand partnership to enhance Thailand’s capital markets through advanced technology and risk management solutions.
Quiver AI Summary
The Stock Exchange of Thailand (SET) and Nasdaq have announced an expanded technology partnership aimed at modernizing Thailand's capital markets by enhancing market resilience and integrity. This collaboration will promote the adoption of Nasdaq’s advanced risk and surveillance platforms among SET’s members, advancing infrastructure consistency and improving efficiency, transparency, and risk management across the market ecosystem. The partners intend to leverage Nasdaq’s AI capabilities and technology expertise to innovate and address operational challenges while reinforcing investor trust. SET’s leadership highlighted that this initiative is crucial for attracting international investment and maintaining Thailand's competitive position in ASEAN's capital markets. Together, SET and Nasdaq aim to establish a robust, future-ready capital market that positions Thailand as a regional financial hub and innovation leader.
Potential Positives
- SET and Nasdaq announced an expanded strategic partnership aimed at modernizing Thailand’s capital markets, which is expected to enhance systemwide efficiency, transparency, and risk management.
- The collaboration leverages Nasdaq’s advanced risk and surveillance technology, aiming to strengthen market resilience and integrity, which is crucial for attracting international investment and fostering investor confidence.
- This partnership positions SET to reinforce its leadership role in ASEAN capital markets by promoting better risk management practices and infrastructure among its member community.
- Combined efforts between SET and Nasdaq will drive innovation, potentially unlocking new opportunities for clients across the Southeast Asian region.
Potential Negatives
- The press release contains extensive forward-looking statements that include risks and uncertainties, which may create skepticism about the actual impact and benefits of the partnership.
FAQ
What is the purpose of the partnership between SET and Nasdaq?
The partnership aims to modernize Thailand's capital markets, enhancing market resilience, integrity, and aligning with global standards.
How will Nasdaq's technology benefit the Stock Exchange of Thailand?
Nasdaq's technology will promote risk management, market integrity, and efficiency, helping to improve transparency and investor confidence.
What specific technologies will SET adopt from Nasdaq?
SET will adopt Nasdaq’s advanced risk and surveillance platforms to strengthen market infrastructure and enhance operational efficiency.
How does this collaboration impact investors in Thailand?
This collaboration fosters greater trust and confidence among investors by enhancing the resilience and integrity of Thailand's capital market ecosystem.
What are the long-term goals of SET in this partnership?
SET aims to establish a future-ready capital market ecosystem and reinforce Thailand’s position as a regional financial hub and innovation leader.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$NDAQ Insider Trading Activity
$NDAQ insiders have traded $NDAQ stock on the open market 13 times in the past 6 months. Of those trades, 1 have been purchases and 12 have been sales.
Here’s a breakdown of recent trading of $NDAQ stock by insiders over the last 6 months:
- BRADLEY J PETERSON (EVP, CIO) has made 0 purchases and 3 sales selling 31,184 shares for an estimated $2,476,180.
- JEREMY SKULE (Executive Vice President) has made 0 purchases and 3 sales selling 24,149 shares for an estimated $1,927,391.
- SARAH YOUNGWOOD (Executive Vice President) sold 14,959 shares for an estimated $1,102,179
- COHEN TAL (President, Market Platforms) sold 8,955 shares for an estimated $749,981
- BRYAN EVERARD SMITH (EVP, CPO) has made 0 purchases and 4 sales selling 7,289 shares for an estimated $569,717.
- ALFRED W ZOLLAR purchased 2,542 shares for an estimated $203,970
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$NDAQ Hedge Fund Activity
We have seen 485 institutional investors add shares of $NDAQ stock to their portfolio, and 363 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WELLINGTON MANAGEMENT GROUP LLP removed 3,876,935 shares (-10.0%) from their portfolio in Q4 2024, for an estimated $299,725,844
- BAIN CAPITAL PUBLIC EQUITY MANAGEMENT II, LLC removed 2,321,147 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $179,447,874
- JANE STREET GROUP, LLC removed 1,728,202 shares (-99.5%) from their portfolio in Q4 2024, for an estimated $133,607,296
- AMERIPRISE FINANCIAL INC added 1,650,201 shares (+37.9%) to their portfolio in Q4 2024, for an estimated $127,577,039
- INVESCO LTD. added 1,592,057 shares (+40.8%) to their portfolio in Q1 2025, for an estimated $120,773,444
- DIAMOND HILL CAPITAL MANAGEMENT INC removed 1,400,678 shares (-34.0%) from their portfolio in Q1 2025, for an estimated $106,255,433
- TWO SIGMA INVESTMENTS, LP removed 1,299,326 shares (-59.3%) from their portfolio in Q4 2024, for an estimated $100,450,893
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$NDAQ Analyst Ratings
Wall Street analysts have issued reports on $NDAQ in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Raymond James issued a "Outperform" rating on 01/09/2025
To track analyst ratings and price targets for $NDAQ, check out Quiver Quantitative's $NDAQ forecast page.
Full Release
NEW YORK and BANGKOK, May 13, 2025 (GLOBE NEWSWIRE) -- The Stock Exchange of Thailand (SET) and Nasdaq (Nasdaq: NDAQ) today announced an expanded strategic technology partnership aimed at modernizing Thailand’s capital markets. 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.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com .
About Stock Exchange of Thailand
The Stock Exchange of Thailand (SET) is among the most liquid exchanges in ASEAN, providing a full range of investment products including equities, world-class trading and post-trade infrastructure, and technology services. Going forward, SET’s vision “To Make the Capital Market ‘Work’ for Everyone” is aligned with the aim to support strong economic growth and competitiveness. Globally and regionally, SET has also actively coordinated with other exchanges to boost investment opportunities and capital market growth potential. Moreover, SET puts strong emphasis on sustainable growth by promoting listed companies’ business models that care for environmental, social and governance (ESG) practices.
Media Contacts:
Andrew Hughes; +44 (0)7443 100896;
[email protected]
Camille Stafford; +1 (234) 934 9513;
[email protected]
Arada Therdthammakun; +66 (0) 2009 9483;
[email protected]
-NDAQG-
Cautionary Note Regarding Forward-Looking Statements:
Information set forth in this press release contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements can be identified by words such as “will”, and other words and terms of similar meaning. Such forward-looking statements include, but are not limited to, statements related to the benefits of Nasdaq’s technology partnership with SET. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These risks and uncertainties are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
