Nasdaq (NASDAQ:NDAQ) and nuam trade fashioned by the merger of Santiago, Lima, and Colombia inventory exchanges, immediately introduced a strategic know-how partnership that can underpin the combination, improvement, and growth of the brand new market in Latin America.
nuam trade is searching for to determine a singular, open, and transformative market that may strengthen its home economies, while scaling to grow to be a number one international trade group. It’s aiming to supply a very built-in market throughout a number of asset lessons and market infrastructures, broadening its vary of services and products because it expands.
Nasdaq welcomes the chance to companion with nuam trade, offering a versatile and scalable know-how platform able to supporting the trade’s bold progress trajectory. As a supplier of mission-critical know-how to greater than 130 monetary market infrastructures globally, Nasdaq’s know-how might be a robust technique of growing the brand new trade group and making certain the equity, resilience, and efficiency of its market.
By standardizing entry to the market by way of customary business APIs, nuam trade will considerably enhance the convenience and price of entry. As well as, safeguards within the type of danger controls will assist guarantee high quality and belief available in the market, collectively serving to to draw bigger, international members, and strengthening liquidity.
“This strategic and technological partnership offers us the flexibility to place nuam trade on a world-class stage for the operation of the brand new market we’re creating. Having Nasdaq’s know-how, reliability, and expertise will take us to the subsequent stage on this integration course of,” mentioned Juan Pablo Córdoba, CEO at nuam trade.
“The mix of Nasdaq’s institutional grade know-how and the consolidation of three main Latin American exchanges is an thrilling prospect,” mentioned Tal Cohen, Co-President, Nasdaq. “World capital markets are more and more demanding resilient and strong know-how, able to withstanding ever-greater volatility and quantity. Effectively-functioning, trusted markets are vital to inclusive progress and prosperity, and we’re happy to help the continuing improvement of nuam trade in Latin America.”