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Nuam Exchange chooses Vermiculus for cutting-edge CCP technology.

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TLDR:

  • Nuam Exchange partners with Vermiculus Financial Technology to implement a technological core for Central Counterparty Clearing Houses in Chile, Colombia, and Peru.
  • Vermiculus will provide a modern, flexible system for trade and position management, settlement processing, collateral management, and risk management across the three CCPs.

Nuam Exchange, formed from the integration of stock exchanges in Lima, Santiago, and Colombia, has announced a collaboration with Vermiculus Financial Technology to enhance the Central Counterparty Clearing Houses (CCPs) in three Latin American countries. By implementing Vermiculus’ state-of-the-art technology, the partnership aims to streamline the post-trade systems and unification of the markets in Chile, Colombia, and Peru. The system will include essential features like trade and position management, settlement processing, collateral management, and risk monitoring, as well as handle interoperability, real-time risk monitoring, margining, and collateral management.

With Vermiculus being recognized as a leading provider of technology solutions for financial institutions worldwide, their partnership with Nuam Exchange is expected to bring cutting-edge technology to the four largest financial markets in Latin America. Nuam Exchange is collaborating with regulators in the three countries to obtain necessary approvals for changing regulations in Chile and Colombia and establishing a new CCP in Peru. By integrating advanced technology with market expertise, the partnership between Nuam Exchange and Vermiculus is paving the way for a significant milestone in the region’s financial market infrastructure.

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