nuam, the regional holding company resulting from the integration of the Santiago Stock Exchange (BCS), the Colombian Stock Exchange (bcv), and the Lima Stock Exchange (BVL), has reached a new milestone in its regional stock market integration process. The Financial Market Commission (CMF) recently approved the proposed amendments to the equities Trading Manual (MOA).
Said approval was a critical regulatory requirement to continue moving forward with the release of the new equity trading platform. The release and adoption of this new technology will bring benefits for the capital market and its participants. It is a key step toward creating a single market amongst Chile, Peru, and Colombia.
“The CMF's approval of the new manual is a significant advancement in improving market conditions in the three countries, seeking greater efficiency by providing the same technology in Chile, Colombia, and Peru, facilitating operations, and making the market more attractive to both local and international investors. We continue to take real steps towards a more connected market for the region,” said Juan Pablo Córdoba, CEO of nuam.
nuam will continue to collaborate closely with regulators in the three countries to build a more competitive, modern, liquid, and deeper regional market capable of generating new opportunities for issuers, investors, and all participants of the financial ecosystem in Chile, Colombia and Peru. The financial markets integration is not only a commitment to efficiency, but also to the economic development of the region.