Nasdaq Extends Partnership with Consolidated Lima, Santiago and Colombia Stock Exchanges

Nasdaq and nuam – the merger between the Santiago, Lima, and Colombia stock exchanges – have extended their strategic technology partnership according to a story in The Trade news. As part of the enhancement, the three exchanges’ central securities depositories (CSD) will adopt Nasdaq’s CSD platform to optimize post-trade processing. The move is set to drive capital market integration across Latin America thanks to this strengthened technology partnership with Nasdaq.  So far, nuam has already consolidated their trading infrastructures on Nasdaq’s platform.  The new integrated post-trade infrastructure benefits from a unified solution which is based on international standards, and costs will also be reduced thanks to the lowering of barriers associated with accessing the individual markets, subsequently increasing liquidity.   A recent Nasdaq survey found that 84% of respondents are “keen” to increase their investment in Latin America, with structural challenges and costs highlighted as current limitations.