Nasdaq and nuam, the merger of Santiago, Lima, and Colombia stock exchanges, have extended their technology partnership to implement Nasdaq’s central securities depositories (CSD) platform across all three exchanges. This partnership aims to optimize post-trade processing in the region and increase efficiency and accessibility for investors.
By adopting Nasdaq’s technology, nuam’s post-trade infrastructure will benefit from unified solutions based on international standards, leading to greater interoperability across trading and CSD infrastructures. This will reduce costs and barriers for investors accessing the individual markets, increase liquidity, and enhance operational efficiencies.
Juan Pablo Córdoba, CEO of nuam, emphasized the importance of high technological standards for providing security and confidence to investors and expanding investment opportunities in Latin America. The partnership with Nasdaq reaffirms nuam’s commitment to building an integrated, efficient, and accessible capital market in the region.
Magnus Haglind, SVP and Head of Marketplace Technology at Nasdaq, highlighted the importance of enhancing global capital market infrastructure to drive growth and attract international investors. The implementation of Nasdaq’s CSD technology will introduce standardized business processes and connectivity, simplifying investors’ ability to settle trades across each market.
Removing barriers to investment can help attract more international capital to nuam exchanges and support the rapid development of the Latin American economy. By embracing modernization and world-leading technology, nuam aims to unlock new sources of revenue and position itself as a competitive player in the Latin American financial ecosystem.
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