The Nasdaq OMX Group, (NASDAQ:NDAQ) has signed an agreement with the Stock Exchange of Thailand (SET) that extends their relationship for a further five years.
Under the terms of the agreement, NASDAQ OMX will continue to support the integrated trading and clearing platform of the Thailand Futures Exchange (TFEX). The system was implemented five years ago and TFEX, a wholly owned subsidiary of the SET, started its trading in 2006.
"TFEX has experienced an impressive growth over the past few years, thanks in large part to our technology partnership with NASDAQ OMX. This partnership has enabled TFEX to provide efficient and reliable service to investors. Under the extended agreement, NASDAQ OMX will support TFEX in providing night trading sessions and new commodity-based products, enabling the SET to a wider variety of products and services to investors", said SET President Charamporn Jotikasthira
"Extensions of existing agreements are the best proofs of concept that we as a technology partner can get. We are looking forward to continuing our cooperation with SET as well as exploring other joint opportunities or areas of cooperation", said Lars Ottersgård, Senior Vice President NASDAQ OMX Market Technology.