nuam exchange, an integration of the Lima, Santiago and Colombia Stock Exchanges, has partnered with financial software development firm Devexperts to create a unified trading interface for the equities and derivatives markets.
Devexperts will provide order execution and data information, and its front-end will be integrated with Nasdaq’s trading systems. The interface will evolve in line with regulatory frameworks in its countries of operation, the firms explained, and will cater to the specific industry requirements in each market.
Through the project, the organisations aim to enable market access for regional and international brokers.
Juan Pablo Córdoba, CEO of nuam, said: “Through our systems, there will be people conducting transactions from different parts of the world for companies valued in different currencies. This has enormous value and potential for investors, but it also poses operational complexities. Through developments like [this one], we can overcome this. We value [Devexperts’s] market understanding and their willingness to adapt it to our requirements.”
Michael Babushkin, CEO of Devesperts, added: “We are proud of participating in the nuam technology integration. This newly established exchange will bring great development to Latin America’s capital markets and help millions of people create durable wealth.
“This project signifies our entry to Latin America, and we hope to make a decisive contribution to the success of this initiative and furthermore to the development of the regional financial markets.”
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