Nasdaq and nuam – the merger between the Santiago, Lima, and Colombia stock exchanges – have extended their strategic technology partnership.
As part of the enhancement, the three exchanges’ central securities depositories (CSD) will adopt Nasdaq’s CSD platform to optimise post-trade processing.
The move is set to drive capital market integration across Latin America thanks to this strengthened technology partnership with Nasdaq.
Juan Pablo Córdoba, chief executive of nuam, said: “Having high technological standards is essential for providing security and confidence to investors, as well as expanding investment opportunities and access to new markets.
“Our alliance with Nasdaq reaffirms our commitment to building an integrated, efficient, and accessible capital market in Latin America. The adoption of this technology will optimise connectivity, strengthen our infrastructure, and facilitate access for global investors, boosting competitiveness and the growth of the Latin American financial ecosystem.”
So far, nuam has already consolidated their trading infrastructures on Nasdaq’s platform.
The new integrated post-trade infrastructure benefits from a unified solution which is based on international standards, and costs will also be reduced thanks to the lowering of barriers associated with accessing the individual markets, subsequently increasing liquidity.
A recent Nasdaq survey found that 84% of respondents are “keen” to increase their investment in Latin America, with structural challenges and costs highlighted as current limitations.
“Enhancing the infrastructure underpinning global capital markets is essential to maintaining systemwide resilience and an incredibly powerful catalyst for growth,” said Magnus Haglind, head of marketplace technology at Nasdaq.
“nuam is at the heart of Latin America’s extraordinary journey, with the region’s markets embracing modernisation at a phenomenal rate. By adopting world-leading technology they can attract international investors while ensuring they have the agility to incorporate innovative, new technologies to better serve the three markets and unlock new sources of revenue.”