Nasdaq Expands Latin America Presence With Nuam Partnership

Nuam, the unified entity of the Santiago, Lima, and Colombia stock exchanges, extended its partnership with Nasdaq Inc. NDAQ.

All three exchanges’ central securities depositories (CSDs) will integrate Nasdaq’s CSD platform to enhance post-trade processing efficiency across the region.

The partnership comes as the exchanges consolidate their trading infrastructures on Nasdaq's platform to attract global liquidity.

It also builds on Nasdaq's long-standing relationship with Chile's one of the most advanced CSD systems, Depósito Central de Valores (DCV).

Nuam CEO Juan Pablo Córdoba stated, “Our alliance with Nasdaq reaffirms our commitment to building an integrated, efficient, and accessible capital market in Latin America.”

‘The adoption of this technology will optimize connectivity, strengthen our infrastructure, and facilitate access for global investors, boosting competitiveness and the growth of the Latin American financial ecosystem, Córdoba explained.

Last month, Nasdaq disclosed a partnership with Austrian Reporting Services (AuRep) to supply regulatory reporting technology for Austria's financial sector.

Under the agreement, approximately 90% of Austrian credit institutions will transition their regulatory reporting infrastructure to the cloud, replacing their legacy on-premises system with Nasdaq AxiomSL.

Investors can gain exposure to the stock via Listed Funds Trust Horizon Kinetics Blockchain Development ETF BCDF and iShares U.S. Broker-Dealers & Securities Exchanges ETF IAI

Price Action: NDAQ shares are up 0.03% at $74.57 premarket at the last check Tuesday.

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