Nasdaq and nuam extend strategic partnership to modernize Latin American markets

Nasdaq (Nasdaq: NDAQ) and nuam (NUAM: nuam), the merged entity of the Santiago, Lima, and Colombia stock exchanges, have announced an extension of their strategic technology partnership.

The collaboration will see nuam’s central securities depositories (CSDs) adopt Nasdaq’s platform, aiming to optimize post-trade processes across the region.

The agreement builds on Nasdaq’s existing relationship with nuam, as well as its established partnership with Chile’s advanced CSD platform, Depósito Central de Valores (DCV). nuam’s integrated post-trade infrastructure will leverage a unified, standards-based solution, increasing interoperability, enhancing liquidity, and improving operational efficiency across the three markets.

“Having high technological standards is essential for providing security and confidence to investors,” said Juan Pablo Córdoba, CEO of nuam.

“Our alliance with Nasdaq reaffirms our commitment to building an integrated, efficient, and accessible capital market in Latin America.”

Magnus Haglind, SVP and Head of Marketplace Technology at Nasdaq, emphasized the significance of the partnership, stating, “By adopting world-leading technology, nuam can attract international investors while ensuring agility to embrace innovative solutions.”

A recent Nasdaq survey highlighted the potential of Latin America’s markets, with 84% of respondents expressing interest in increasing investment in the region. However, challenges like fragmentation and processing inefficiencies remain. The new Nasdaq CSD technology aims to address these hurdles, fostering global investor access and supporting regional economic growth.

Nasdaq’s technology is widely adopted across the global financial industry, serving a diverse range of clients and advancing modernization efforts. With this partnership, both organizations aim to bolster the competitiveness and resilience of Latin America’s financial markets.