Press Release


M-DAQ Global and TSFC Securities Thailand Announce Strategic Partnership to Build Multi-Currency Solution for Thai Investors

Both parties have inked a Memorandum of Understanding (MoU) to collaborate in a pilot solution that will allow Thai investors to purchase overseas securities and mutual funds in Thai Baht.


[8 February 2023, Singapore & Bangkok, Thailand] – M-DAQ Global, a leading provider of FX solutions, and TSFC Securities Public Company Limited (Thailand), the leading securities finance corporation (SFC) in Thailand, announced today a strategic partnership to develop a multi-currency solution that will enable Thai investors to purchase overseas securities and mutual funds in Thai Baht without holding or converting into a foreign currency. Both parties will collaborate in areas including the commercialisation and strategy planning for a pilot solution set to launch within the next year.

The collaboration will leverage M-DAQ’s Trading the Right Chart™ solution to provide Thai investors with access to a wide range of overseas securities and assets in Thai Baht. M-DAQ’s solution supports at-trade conversion which provides price clarity and transparency for investors as it allows them to trade in their home currency.

This is contrary to pre-trade and post-trade conversion where the exact cost of FX conversion is unknown which can erode return or even result in an inferior trading decision.

This partnership follows an earlier initiative between M-DAQ and the Stock Exchange of Thailand (SET) to develop a solution that allows foreign investors to view the real- time prices of SET50 stocks in 10 different currencies. M-DAQ has also been collaborating with stock exchanges and trading facilities globally including Poland and the United Kingdom to utilise its Trading the Right Chart™ solution.

“Aligned with our aim to facilitate cross-border transactions around the world, we are thrilled to partner with TSFC Securities Thailand to empower end investors with more confidence backed by better clarity and control over their investments”, said Mr. Richard Koh, Founder and Group CEO of M-DAQ. “Our technology will provide Thai investors with access to a wider range of investment opportunities, while eliminating currency risks. This is a major step forward for the Thai securities and asset management markets and we are excited to be at the forefront of this development.”

“We always prioritise the interest of our investors and we are excited to collaborate with M-DAQ to provide them with this innovative solution,” said Mr. Udomkarn Udomsab, President of TSFC Securities Public Company Limited (Thailand). “By leveraging M-DAQ’s technology, we believe this partnership will be a game-changer for the Thai securities market and we are delighted to be a part of it.”


About M-DAQ

M-DAQ is a Singapore-headquartered financial technology company that empowers businesses and individuals in cross-border transactions by harnessing data to provide foreign exchange clarity and certainty. Our innovation of tomorrow further leverages data to provide embedded finance and credit solutions, making credit more accessible to businesses and their employees. Founded in 2010 with the belief that resources may be limited but aspirations are not, M-DAQ’s vision is to create a World without Currency Borders® for all to participate and thrive in the global economy. For more information, please visit:


About TSFC Securities Public Company Limited (Thailand)

TSFC is the only leading securities financing corporation (SFC) in Thailand with the mission to drive sustainable growth and development of capital markets in the region. It also serves as the major institution to enhancing capital liquidity in the market for both securities companies and investors as well as support the development of innovative technological systems and solutions within the securities industry. The firm’s major shareholders are the Stock Exchange of Thailand, Government Savings Bank, and the Ministry of Finance of Thailand.