nuam exchange and Nasdaq Form Strategic Technology Partnership to Develop New Marketplace in Latin America
05 Dezember 2023 - 10:00AM
nuam exchange and Nasdaq Form Strategic Technology Partnership to
Develop New Marketplace in Latin America
Nasdaq (Nasdaq: NDAQ) and nuam exchange (Chilean Stock Exchanges:
NUAM) formed by the merger of Santiago, Lima, and Colombia stock
exchanges, today announced a strategic technology partnership that
will underpin the integration, development, and expansion of the
new marketplace in Latin America.
nuam exchange is seeking to establish a unique, open, and
transformative market that can strengthen its domestic economies,
whilst scaling to become a leading global exchange group. It is
aiming to offer a truly integrated market across multiple asset
classes and market infrastructures, broadening its range of
products and services as it expands.
Nasdaq welcomes the opportunity to partner with nuam exchange,
providing a flexible and scalable technology platform capable of
supporting the exchange’s ambitious growth trajectory. As a
provider of mission-critical technology to more than 130 financial
market infrastructures globally, Nasdaq’s technology will be a
powerful means of developing the new exchange group and ensuring
the fairness, resilience, and performance of its marketplace.
By standardizing access to the market through standard industry
APIs, nuam exchange will significantly improve the ease and cost of
access. In addition, safeguards in the form of risk controls will
help ensure quality and trust in the market, together helping to
attract larger, global participants, and strengthening
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. Having Nasdaq's
technology, reliability, and experience will take us to the next
level in this integration process,” said Juan Pablo Córdoba, CEO at
nuam exchange.
“The combination of Nasdaq’s institutional grade technology and
the consolidation of three leading Latin American exchanges is an
exciting prospect,” said Tal Cohen, Co-President, Nasdaq. “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.”
About nuam exchange
nuam exchange (Chilean Stock Exchanges: NUAM) is
the first multi-country merger of stock exchanges comprising the
Chilean, Colombian and Peruvian markets, aiming to standardize the
conditions and rules of operations in the three countries, while
adhering to the highest international standards, and thus
attracting foreign investment flows with greater strength and
confidence to improve the lives of the citizens in Chile, Colombia
and Peru. We believe that the merger will position our company as a
key player in the global market infrastructure industry. To
learn more about the company, visit us at www.nuamx.com
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading global technology company
serving corporate clients, investment managers, banks, brokers, and
exchange operators as they navigate and interact with the global
capital markets and the broader financial system. We aspire to
deliver world-leading platforms that improve the liquidity,
transparency, and integrity of the global economy. Our diverse
offering of data, analytics, software, exchange capabilities, and
client-centric services enables clients to optimize and execute
their business vision with confidence. To learn more about the
company, technology solutions, and career opportunities, visit us
on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.
nuam Media Contact:Andrea Soto
+56974480447asoto@bolsadesantiago.com
Nasdaq Media Contact:Andrew Hughes+44 (0)7443
100896Andrew.Hughes@nasdaq.com
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