A strategic technology partnership has been extended between Nasdaq and nuam, the collaborative entity formed by the stock exchanges of Santiago, Lima, and Colombia. This partnership focuses on improving the central securities depositories (CSD) for these exchanges by implementing Nasdaq’s advanced technology, which aims to enhance post-trade processing across the region.
This new agreement builds upon the existing collaboration between Nasdaq and nuam as they work to consolidate their trading infrastructures using Nasdaq’s platform. The integration helps attract a broader array of global liquidity sources, providing a competitive edge within the financial markets. Additionally, it reinforces the established technology partnerships, including one with Chile’s CSD, the Depósito Central de Valores (DCV), noted for its modern CSD capabilities.
The coordination in post-trade infrastructure will create a more unified solution consistent with international standards. This advancement is expected to enhance interoperability between trading and CSD systems, leading to reduced costs and fewer access barriers to individual markets. Consequently, it will promote liquidity and improve operational efficiencies for all three exchanges involved.
A spokesperson for nuam highlighted the importance of maintaining high technological standards to instill investor confidence and facilitate access to new investment opportunities. They indicated that the alliance with Nasdaq underscores a commitment to developing an integrated capital market in Latin America. By adopting this state-of-the-art technology, nuam aims to strengthen its infrastructure, enhance connectivity, and draw in global investors, thereby fostering growth within the financial ecosystem of Latin America.
A representative from Nasdaq underscored the significance of robust infrastructure in reinforcing global capital markets, which is essential for overall resilience and a driving factor for economic growth. With nuam at the forefront of a transformative journey within Latin American markets, the integration of world-class technology aims to attract international investors while retaining flexibility to integrate innovative solutions that cater to the evolving needs of these markets.
The introduction of Nasdaq’s CSD technology is expected to standardize key business processes and improve connectivity, ultimately simplifying the settlement process for investors across these markets. This initiative aims to eliminate investment barriers, potentially drawing more international capital to nuam and supporting rapid economic growth within the region.