Nasdaq has made an agreement with the Depósito Central de Valores (DCV) to provide post-trade and central securities depository technology.
The deal will see Nasdaq deliver trade and instruction management, settlement, custody, corporate and event management and registry functions.
The technology covers all types of securities and multi-currencies, allows settlement with optimisation algos and provides securities lending and borrowing accounting services.
Lars Ottersgård, head of market technology at Nasdaq, explained the exchange operator’s financial framework will support the demand of DCV’s business.
“DCV’s new technology will allow for standardised, unified operations, messaging and data infrastructure coupled with unparalleled flexibility and cost efficiency,” he said.
Fernando Yáñez, CEO of DCV, added the implementation of a new system will allow for more growth opportunities of the Chilean Central Securities Depository’s current services.