Cinnober Financial Technology has penned a seven-year licensing deal with the Stock Exchange of Thailand to supply its multi-asset class trading infrastructure.
The arrangement includes a trading platform for the exchange’s equities and derivatives markets including index calculation and data dissemination.
The partnership was hailed by Thai exchange’s president, Pakorn Peetathawatchai, who said: “This partnership allows us to continuously achieve the top market position in the region while introducing world-class standards and best practices to Thailand’s capital market.”
The Stock Exchange of Thailand has used the Cinnober software since 2012. During this time, the exchange said it has transformed into the most liquid equities exchange in the Association of Southeast Asian Nations (ASEAN) region.
Cinnober has a global client base and customers include the Australian Securities Exchange, the London Metal Exchange and the Johannesburg Stock Exchange.
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