LatAm exchanges to adopt Nasdaq鈥檚 CSD platform
18 March 2025 Chile
Image: Jose_Luis_Stephens/stock.adobe.com
The central securities depositories (CSDs) of Santiago, Lima, and Colombia stock exchanges will adopt Nasdaq鈥檚 CSD platform, following the extension of its technology partnership with nuam, the merger of the three LATAM exchanges.
The agreement expands Nasdaq鈥檚 existing relationship with nuam, with the exchanges currently consolidating their trading infrastructures on Nasdaq's platform to help attract global sources of liquidity.
It also builds on Nasdaq's longstanding technology partnership with Chile's CSD, Dep贸sito Central de Valores.
Juan Pablo C贸rdoba, CEO of nuam, comments: 鈥淥ur alliance with Nasdaq reaffirms our commitment to building an integrated, efficient, and accessible capital market in Latin America.
鈥淭he adoption of this technology will optimise connectivity, strengthen our infrastructure, and facilitate access for global investors, boosting competitiveness and the growth of the Latin American financial ecosystem.鈥�
According to a recent Nasdaq survey, 59 per cent of respondents said that market structure issues impose limits on their investment flows in LATAM.
The survey also found that fragmentation, processing errors, and a lack of standardisation are hampering operations, with respondents seeking greater cohesion and automation to increase efficiency and improve market access.
The implementation of Nasdaq鈥檚 CSD technology aims to create more standardised business processes and connectivity, simplifying investors鈥� ability to settle trades across each market.
Magnus Haglind, senior vice president and head of marketplace technology at Nasdaq, adds: 鈥渘uam is at the heart of Latin America鈥檚 extraordinary journey, with the region鈥檚 markets embracing modernisation at a phenomenal rate.
鈥淏y adopting [Nasdaq鈥檚] technology, they can attract international investors while ensuring they have the agility to incorporate new technologies to better serve the three markets and unlock new sources of revenue.鈥�
The agreement expands Nasdaq鈥檚 existing relationship with nuam, with the exchanges currently consolidating their trading infrastructures on Nasdaq's platform to help attract global sources of liquidity.
It also builds on Nasdaq's longstanding technology partnership with Chile's CSD, Dep贸sito Central de Valores.
Juan Pablo C贸rdoba, CEO of nuam, comments: 鈥淥ur alliance with Nasdaq reaffirms our commitment to building an integrated, efficient, and accessible capital market in Latin America.
鈥淭he adoption of this technology will optimise connectivity, strengthen our infrastructure, and facilitate access for global investors, boosting competitiveness and the growth of the Latin American financial ecosystem.鈥�
According to a recent Nasdaq survey, 59 per cent of respondents said that market structure issues impose limits on their investment flows in LATAM.
The survey also found that fragmentation, processing errors, and a lack of standardisation are hampering operations, with respondents seeking greater cohesion and automation to increase efficiency and improve market access.
The implementation of Nasdaq鈥檚 CSD technology aims to create more standardised business processes and connectivity, simplifying investors鈥� ability to settle trades across each market.
Magnus Haglind, senior vice president and head of marketplace technology at Nasdaq, adds: 鈥渘uam is at the heart of Latin America鈥檚 extraordinary journey, with the region鈥檚 markets embracing modernisation at a phenomenal rate.
鈥淏y adopting [Nasdaq鈥檚] technology, they can attract international investors while ensuring they have the agility to incorporate new technologies to better serve the three markets and unlock new sources of revenue.鈥�
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