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Nasdaq and nuam change have introduced a strategic expertise partnership to assist the combination, improvement and enlargement of a brand new monetary market in Latin America.
The merger of the Santiago, Lima and Colombia inventory exchanges, which types nuam change, seeks to create a novel, open and transformative market that may bolster the home economies of those international locations whereas additionally positioning itself as a number one world change group.
One of many key goals of this collaboration is to standardise entry to the market by means of normal business APIs. This standardisation will considerably improve the convenience and cost-effectiveness of market entry, making it extra engaging to each native and world members.
Moreover, the collaboration will actively implement strong danger controls to make sure market high quality and belief, thereby attracting a bigger and extra various pool of members and bolstering liquidity.
“This strategic and technological partnership offers us the power to place nuam change on a world-class stage for the operation of the brand new market we’re creating,” mentioned Juan Pablo Córdoba, CEO at nuam change. “Having Nasdaq’s expertise, reliability and expertise will take us to the following degree on this integration course of.”
Tal Cohen, co-president at Nasdaq, additionally commented: “The mixture of Nasdaq’s institutional grade expertise and the consolidation of three main Latin American exchanges is an thrilling prospect.
“World capital markets are more and more demanding resilient and strong expertise, able to withstanding ever-greater volatility and quantity. Properly-functioning, trusted markets are important to inclusive progress and prosperity, and we’re happy to assist the continued improvement of nuam change in Latin America.”
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