nuam, the entity resulting from the consolidation of the Stock Exchanges of Lima, Santiago and Colombia, announced that it has established a new partnership with Devexperts, a global IT company specializing in the development of financial software. Together, they aim to create a unified trading interface for the equity and derivatives markets. The dynamic capabilities of this interface will evolve and align with the unique industry requirements and regulatory frameworks of Chile, Colombia and Peru.
Juan Pablo Córdoba, CEO happily said:
“Through our systems, there will be people trading from different parts of the world for companies valued in different currencies. Certainly, this has tremendous value and potential for investors, but it also creates operational complexities. Through developments like the one we aim to implement with Devexperts, we can overcome this. Therefore, we appreciate their understanding of the market and their willingness to adapt it to our requirements.”
In addition, it is worth noting that by integrating the Devexperts front-end with Nasdaq’s trading systems, this solution will offer an improved and intuitive interface, enriched with value-added features.
Michael Babushkin, CEO of Devexperts highlighted:
“We are proud to participate in the integration of nuam technology – one of the most progressive projects of the global exchange industry. This newly formed stock exchange is sure to bring great growth to Latin American capital markets and help millions of people create lasting wealth.
“Devexperts’ technology will provide order execution and data insights and will be the visible interface of the new merged exchange to facilitate market access for regional and international brokers.
“This project marks our entry into Latin America and we hope to make a decisive contribution to the success of this initiative and in addition to the development of the regional financial markets.”
About nuam exchange
The nuam stock exchange (Stock Exchanges: NUAM) is the first multi-country exchange consolidation, bringing together the markets of Chile, Colombia and Peru, with the aim of standardizing the conditions and operating rules of the three countries. It complies with the highest international standards and therefore attracts foreign investment flows with greater strength and confidence to improve the lives of citizens in Chile, Colombia and Peru. With this integration, the company expects to position itself as a key player in the infrastructure industry of the global market. For more information about the company: www.nuamx.com
About Devexperts
Devexperts is a software development company serving capital markets needs since 2002. The company specializes in developing multi-asset platforms for trading stocks, options, forex, commodities and cryptocurrencies. It also offers matching engines, exchange solutions and market data delivery services. Based in Ireland, Devexperts has a development team of 800+ engineers in offices in the US, Germany, Portugal, Bulgaria, Singapore, Turkey and Georgia.