The first-ever multi-country merger of stock exchanges is coming to Latin America, and Nasdaq is providing the robust financial infrastructure technology to underpin the market.
A collaboration between Chile, Peru, and Colombia, nuam exchange has high ambitions: To form a global market that energizes its domestic economies and improves the lives of citizens.
To achieve this, nuam sought out a powerful and battle-tested technology architecture. They found it in Nasdaq, which successfully supports over 130 financial market infrastructures around the world.
“nuam exchange is on a remarkable journey, bringing together three domestic exchanges in the attempt to create a regional powerhouse. And Nasdaq is the perfect partner. Our scalable, institutional grade technology will help drive the growth and development of this market, and in doing so help channel capital to businesses and communities across the region,” said Carlos Patino, AVP responsible for Marketplace Technology’s Latam and Caribbean clients.
The partnership will enable nuam to offer market participants seamless use and reduced costs through the implementation of industry-standard APIs. Moreover, the technology includes sophisticated risk controls to inspire trust in the market. These features should attract international participants and boost market liquidity.
Read more about Nasdaq’s partnership with nuam here.
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