The central securities depositories (CSDs) of Santiago, Lima, and Colombia stock exchanges will adopt Nasdaq’s CSD platform, following the extension of its technology partnership with nuam, the merger of the three LATAM exchanges.
The agreement expands Nasdaq’s existing relationship with nuam, with the exchanges currently consolidating their trading infrastructures on Nasdaq's platform to help attract global sources of liquidity.
It also builds on Nasdaq's longstanding technology partnership with Chile's CSD, Depósito Central de Valores.
Juan Pablo Córdoba, CEO of nuam, comments: “Our alliance with Nasdaq reaffirms our commitment to building an integrated, efficient, and accessible capital market in Latin America.
“The adoption of this technology will optimise connectivity, strengthen our infrastructure, and facilitate access for global investors, boosting competitiveness and the growth of the Latin American financial ecosystem.”
According to a recent Nasdaq survey, 59 per cent of respondents said that market structure issues impose limits on their investment flows in LATAM.
The survey also found that fragmentation, processing errors, and a lack of standardisation are hampering operations, with respondents seeking greater cohesion and automation to increase efficiency and improve market access.
The implementation of Nasdaq’s CSD technology aims to create more standardised business processes and connectivity, simplifying investors’ ability to settle trades across each market.
Magnus Haglind, senior vice president and head of marketplace technology at Nasdaq, adds: “nuam is at the heart of Latin America’s extraordinary journey, with the region’s markets embracing modernisation at a phenomenal rate.
“By adopting [Nasdaq’s] technology, they can attract international investors while ensuring they have the agility to incorporate new technologies to better serve the three markets and unlock new sources of revenue.”
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