Nasdaq partners with nuam exchange on new marketplace in Latin America
Nasdaq (NASDAQ:NDAQ) and nuam exchange 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.”