Nasdaq and nuam exchange have announced a strategic technology partnership to support the integration, development and expansion of a new financial marketplace in Latin America.
The merger of the Santiago, Lima and Colombia stock exchanges, which forms nuam exchange, seeks to create a unique, open and transformative market that can bolster the domestic economies of these countries while also positioning itself as a leading global exchange group.
One of the key objectives of this collaboration is to standardise access to the market through standard industry APIs. This standardisation will significantly enhance the ease and cost-effectiveness of market access, making it more attractive to both local and global participants.
Furthermore, the collaboration will actively implement robust risk controls to ensure market quality and trust, thereby attracting a larger and more diverse pool of participants and bolstering liquidity.
“This strategic and technological partnership gives us the ability to position nuam exchange on a world-class stage for the operation of the new market we are creating,” said Juan Pablo Córdoba, CEO at nuam exchange. “Having Nasdaq’s technology, reliability and experience will take us to the next level in this integration process.”
Tal Cohen, co-president at Nasdaq, also commented: “The combination of Nasdaq’s institutional grade technology and the consolidation of three leading Latin American exchanges is an exciting prospect.
“Global capital markets are increasingly demanding resilient and robust technology, capable of withstanding ever-greater volatility and volume. Well-functioning, trusted markets are critical to inclusive growth and prosperity, and we are pleased to support the ongoing development of nuam exchange in Latin America.”
