nuam’s Integrated Market Exchange Advances

In its first financial year, nuam, through its subsidiaries in Peru, Colombia, and Chile, reported accumulated pro forma revenues of USD 129.9 million, representing a 15% increase compared to 2022. Additionally, the EBITDA reached USD 50.1 million, with a 27 % growth compared to the previous year. Meanwhile, the profit for the year 2023 reached USD 30.9 million, marking a 22% rise from 2022.

Camus added, “Regional collaboration becomes more important than ever to address economic challenges and promote sustainable development, and we are convinced that our new company is uniquely positioned to lead this effort.”

All of this aims to “generate economies of scale through a unified platform that offers greater efficiency, liquidity, and access to a broader, more liquid, and deeper market for the various stakeholders. They will be able to interact in an attractive and transparent investment environment, allowing for greater development of the region’s countries and their inhabitants,” he said.

During the presentation to shareholders, nuam’s president stated that significant work has been done in the past year to develop the Equity Operation Model. Additionally, significant strategic and technological alliances were established with world-class institutions. Camus expressed that “the next major step in this process is projected for 2025, with the implementation of a single trading platform for the various instruments traded in the three markets, the interoperability of clearing houses, the interconnection of securities depositories, hardware and telecommunications infrastructures , and corporate systems. Multidisciplinary teams from the three countries are already working together on those initiatives.”

For his part, nuam’s CEO, Juan Pablo Córdoba, stated that during 2023, their aim was to consolidate corporate integration, a goal that materialized with the approval, by the shareholders of the three exchanges, of the integration of ownership and registration in the Securities Registry of the Financial Market Commission (CMF).

Córdoba emphasized that “the integration of the Exchanges represents a strategic step towards strengthening our markets, offering greater liquidity, efficiency, and accessibility to both local and international investors.”

He added, “the benefits of this market will be severe, from reductions in transaction costs, the use of more secure and advanced technologies, the implementation of more sophisticated markets, and access to more investment and financing options. This will allow us to advance in positioning NUAM Exchange as a relevant player in the region’s stock market.”