Nasdaq (NASDAQ:NDAQ) and the nuam exchange formed by the merger of the Santiago, Lima and Colombia stock exchanges, today announced a strategic technology partnership that will support the consolidation, growth and expansion of the new market in Latin America .
Nuam Exchange seeks to create a unique, open and transformative marketplace that can strengthen its domestic economies while scaling to become a leading global foreign exchange group. It aims to offer a truly integrated market across multiple asset classes and market infrastructures, expanding 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 critical technology provider to more than 130 financial market infrastructures worldwide, Nasdaq’s technology will be a powerful vehicle for developing the new exchange group and ensuring the fairness, resilience and performance of its market.
By standardizing market access through industry standard APIs, the 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 confidence in the market, together helping to attract larger, global participants and enhance liquidity.
“This strategic and technological partnership enables us to place the nuam exchange on a world-class stage to operate the new marketplace we are creating. Having the technology, credibility and experience of Nasdaq 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 integration of three leading Latin American exchanges is an exciting prospect,” said Tal Cohen, Nasdaq Co-Chairman. “Global capital markets require increasingly resilient and robust technology, able to withstand increasing volatility and volume. Orderly, reliable markets are vital for inclusive growth and prosperity, and we are pleased to support the continued growth of the nuam exchange in Latin America.”