Juan Pablo Córdoba, general director of nuam, spoke with international media about the new capital market in South America. What did the Colombian, former president of the Colombian Stock Exchange (BVC) say?
The nuam initiative began in August 2023, thanks to the joint effort of the Colombian Stock Exchange, the Lima Stock Exchange (Peru) and the Santiago Stock Exchange (Chile). We embarked on a unique and ambitious project: integrate three stock exchanges from three different countries into a single capital market.
2025, the year of nuam
As stock exchanges and market infrastructure providers, we share the common experience of being key players in our individual markets, not only providing access to financing for projects and companies, but also essential services for financial markets, such as securities trading and clearing. , currencies, derivatives and market data distribution and settlement services.
We also share the view that providing efficient access to capital is key to driving economic growth, improving the quality of life of our citizens and contributing to the sustainable development of our countries.
“Our goal is to create a much more attractive and visible capital market that becomes a reference point for both global and local investors.. Adopting international best practices and cutting-edge technologies, creating economies of scale, simplifying access, operating through a single rulebook and reducing costs are aligned with creating greater liquidity and trading opportunities. .”
This has become our main motivation at nuam: issuers, intermediaries and institutional and retail investors can discover the investment potential not only in each country separately, but together as a region.
In practical terms, this means facilitating trading between three different exchanges and offering cross-access through a common platform so that investors can buy and sell securities listed on all three exchanges following a unified set of rules. As a result, This will allow both issuers and investors to maximize benefits and reduce costs.
How is NUAM going?
The single market will be implemented in phases, and the first phase of the single equity market is expected in mid-2025. However, by instituting the stock market, we will have laid the foundation for the entire market infrastructure value chain, allowing nuam to deploy services in other markets, such as fixed income, derivatives and even currencies.
With a market capitalization close to $350 billion and more than 450 issuers, we were born with great ambitions that go beyond technical aspects.
All three countries are rich in minerals and resources, such as copper, lithium and nickel, which are key to the transition to clean energy.
Investments not only in mining but also in industrial capacity expansion are expected to grow in the coming decades, and all of these projects require capital. Additionally, the region has significant opportunities in the green and blue economies, launching projects that can reduce carbon emissions.
Nuam is also committed to providing an enabling environment for innovation and business expansion in Latin America. We have ambitious goals for this company and, through products like ScaleX and a2censowe are already implementing mechanisms to bring small and medium-sized enterprises (SMEs) into the capital market, an area that was previously unfamiliar to them.
Within nuam, there is a desire to create a collaborative ecosystem, building bridges with various market and industry participants to enhance the development of our capital markets.
Read more: Bogotá, Lima and Santiago merge their stock exchanges into a new technological platform.
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