Thai financial market solutions firm ThaiQuest has agreed a multi-year partnership with SIX, the financial data and market infrastructure provider, to access market data from SIX and enhance its financial information business.
As explained in the announcement, ThaiQuest will gain access to the SIX financial data universe via SIX Web API, a data gateway “designed especially for digital financial platforms.”
The partnership aims to bolster ThaiQuest’s data services by integrating market insights from SIX, providing its users “accurate market data and enhancing the overall user experience.”
The partnership reflects the companies’ commitment to delivering financial information and various solutions to clients.
Key points to note about this collaboration:
- Data Integration: Comprehensive and reliable market data from SIX will be fully integrated into ThaiQuest’s terminals, offering users seamless access to the highest-quality financial information.
- Commitment to Asian Market: This partnership exemplifies the dedication from SIX to establish a strong presence in Asia, reflecting its acknowledgement of the region’s dynamic financial landscape and its intention to collaborate with Thailand’s leading market data provider, ThaiQuest.
- Advancement in Technology: Leveraging the cutting-edge SIX Web API, this partnership introduces state-of-the-art web technology, enabling efficient data processing, real-time delivery, and an enhanced user experience for financial professionals.
Matthew Nurse, Global Product Director, Financial Information at SIX, commented:
“We are delighted to partner with ThaiQuest and strengthen our support for financial markets across Asia. The financial data and API toolset from SIX is the ideal fit for digital applications and platforms, built for reliability and scale.”
Pongsaya Hongswadhi, ThaiQuest’s Chief Executive Officer, added:
“This partnership represents a step forward for ThaiQuest, as we continue to innovate and enhance our offerings. With the reliable data and modern API technology from SIX, we’re better equipped to serve our clients and meet the demands of a rapidly evolving financial landscape.”
As noted in the update, SIX provides and operates infrastructure for the Swiss and Spanish financial centers, thus “ensuring access to the capital markets and the flow of information and money between financial market players.”
As a provider of financial information, SIX explained that it delivers “high-quality reference, pricing, corporate actions, and ESG data and provides regulatory services and indices to clients.”
The company is owned by its users (more than 120 banks) with “a workforce of 4,160 employees and a presence in 19 countries.”
Founded in 2004, ThaiQuest Limited is a in financial technology and real-time market data services provider in Thailand.
ThaiQuest reportedly has a significant market share of financial data terminals in the country, complemented by its “expertise in data management, full-text search solutions, and bespoke software development.”
In 2019, ThaiQuest expanded its offerings to include “managed services for institutional trading platforms, strategically located at the Stock Exchange of Thailand.”