nuam

What nuam does

nuam is a publicly traded regional holding company headquartered in Chile, formed in 2024 to integrate three Latin American stock exchanges—the Santiago Stock Exchange (Chile), Bolsa de Valores de Colombia (Colombia), and Bolsa de Valores de Lima (Peru)—into a single unified market platform. The company wholly owns and operates the three national exchanges and serves issuers, broker-dealers, asset managers, institutional and retail investors, and other capital-market participants across the Andean region.

The company's core platform unifies trading, listing, post-trade, and market-data infrastructure across the three exchanges with the stated objective of enabling issuers to raise capital and investors to trade securities across Chile, Colombia, and Peru under harmonized rules. On June 5, 2025, Chile's financial regulator (CMF) approved the integration Operations Manual, a regulatory milestone enabling unified market operations. On July 8, 2025, MSCI launched the MSCI NUAM Index tracking 56 constituent companies with a combined market capitalization of approximately $319 billion, providing third-party validation of the integrated platform's investability from a global index provider.

nuam generates revenue from transaction fees on securities trading across the three exchanges and listing/maintenance fees on the issuer base. As a regulated infrastructure operator rather than a software vendor, the company does not license platform technology or sell subscriptions; monetization scales directly with trading volumes and the size of the listed universe in each country. Operating economics, product pricing, and unit-level revenue data are not disclosed in the input.

Name

nuam

Legal name

nuam

Website

https://nuamx.com

Company type

Public

Founded year

2024

Operating status

Operating

Headcount range

501–1,000 employees

Short description

nuam is a publicly traded Chilean holding company that integrates the Santiago, Colombian, and Lima stock exchanges into a unified Andean market platform, serving issuers, broker-dealers, and investors across Chile, Colombia, and Peru.

Ownership category

akta.pro rank

Product category

Securities Exchange / Stock Exchange Services

NAICS

Securities and Commodity Exchanges (52321)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Institutional Multi-Asset Trading Platforms (OTC/RFQ) (FSAFAEAB)

akta.pro secondary industry

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)

Keywords

• Stock exchange operations
• Equity trading platform
• Securities listing services
• Market data indices
• Cross-border investing

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Transaction Fees: Revenue generated from trading activities across the unified market connecting Chile, Peru, and Colombia exchanges.
2. Listing Fees: Fees charged to regional issuers for listing on the integrated market platform, providing improved access to financing.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

nuam operates a unified equity trading platform integrating the Santiago (Chile), Colombian (BVC), and Lima (BVL) stock exchanges into a single regional market with common technical, regulatory, and operational standards. The company provides cross-border trading infrastructure for broker-dealers, market data and a regional benchmark index (MSCI NUAM) tracking 56 companies across the three markets, listing and issuer services for corporate financing, and consolidated regional market reporting. Revenue is generated from transaction and listing fees tied to issuer and investor activity on the integrated platform.

Product overview

nuam is a Regional Holding that operates as a unified multi-country stock exchange platform integrating the Santiago Stock Exchange (Chile), Colombian Stock Exchange (BVC), and Lima Stock Exchange (BVL) into a single market. The core product is the nuam Unified Market, which enables cross-border trading across three economies. Supporting products include the MSCI NUAM Index for performance benchmarking, Equity Trading Platform for market transactions, Special Transactions services for public offerings, Regional Market Reports for market intelligence, and Investor Relations services for shareholder communication. The portfolio connects three Latin American economies under one integrated market infrastructure.

Differentiator

Problem solved

Functional benefit

Products and services

• nuam Unified Market Single integrated market platform connecting the Santiago, Colombian, and Lima Stock Exchanges, enabling cross-border trading and listing across Chile, Peru, and Colombia under common operational, technical, and regulatory standards.
• MSCI NUAM Index Regional stock market index measuring the performance of 56 companies from Chile, Peru, and Colombia, providing a consolidated benchmark for the integrated Latin American market.
• Equity Trading Platform Unified equity trading infrastructure supporting primary and secondary market transactions under standardized public offering processes across Chile, Colombia, and Peru.
• Regional Market Reports and Bulletins Periodic consolidated reports providing trading volumes, stock indices, and share statistics from the Santiago, Colombian, and Lima Stock Exchanges in a single publication.
• Financing Alternatives for Issuers Corporate financing opportunities and alternatives offered through the nuam unified market for issuers seeking to raise capital across the integrated regional venue.

Quantifiable outcome

• Combined market capitalization of approximately US$319 billion across 56 companies in the MSCI NUAM Index

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered core.

• MSCIcoreStrategic or Co-development Partner · 1 January 2025MSCI and nuam launched the MSCI NUAM Index, a new regional index measuring the performance of 56 companies from Chile, Peru, and Colombia with combined market capitalization of approximately US$319 billion. This index serves as a benchmark for the integrated Latin American market.
• Santiago Stock Exchange (Bolsa de Santiago)coreStrategic or Co-development PartnerIntegrated exchange entity forming part of nuam's unified market infrastructure, providing equity trading and market services for Chile.
• Colombian Stock Exchange (BVC)coreStrategic or Co-development PartnerIntegrated exchange entity forming part of nuam's unified market infrastructure, providing equity trading and market services for Colombia.
• Lima Stock Exchange (BVL)coreStrategic or Co-development PartnerIntegrated exchange entity forming part of nuam's unified market infrastructure, providing equity trading and market services for Peru.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Deutsche Boerse: Deutsche Boerse operates the Frankfurt Stock Exchange and broader Xetra/Eurobench European infrastructure, including clearing (Eurex) and index/data businesses. Comparable as a large incumbent multi-asset exchange operator with similar revenue lines but significantly broader scope than nuam's equity-focused LatAm platform.
• Nasdaq, Inc. Nasdaq operates the U.S. Nasdaq exchange and Nordic/Baltic exchanges (Stockholm, Copenhagen, Helsinki, Iceland), functioning as a multi-country exchange operator with similar transaction-fee, listing, and data revenue model. Comparable to nuam as a multi-jurisdiction operator with integrated cross-country infrastructure.

Direct peers

• Singapore Exchange (SGX): SGX is a publicly listed, multi-asset exchange holding operating equity, derivatives, fixed income, and commodity markets. Comparable to nuam's structure as a publicly traded operating holding with revenue from transaction, listing, and data services.
• Hong Kong Exchanges and Clearing (HKEX): HKEX operates a multi-asset, multi-jurisdiction exchange and clearing infrastructure including the Hong Kong, Mainland, and international markets. Comparable to nuam as a publicly listed exchange holding group with cross-border integration ambitions.
• Johannesburg Stock Exchange (JSE): JSE is the principal exchange operator in South Africa across equities, derivatives, bonds, and commodities. Comparable to nuam as a publicly held, national/regional exchange operator with listing, trading, and data revenue streams.
• TMX Group: TMX Group operates the Toronto Stock Exchange, TSX Venture Exchange, Montreal Exchange, and other Canadian and international venues. Comparable to nuam as a publicly listed regional holding combining multiple exchanges under one infrastructure.
• Bursa Malaysia: Bursa Malaysia is a publicly listed regional exchange holding operating equity, derivatives, and Islamic markets. Comparable to nuam as a publicly held single-country exchange operator with diversified fee revenue, data services, and similar regulatory environment.
• Euronext: Euronext operates a multi-country integrated exchange platform across Amsterdam, Brussels, Paris, Lisbon, Dublin, Milan, and Oslo. It is the closest analogue to nuam's model of consolidating formerly independent country exchanges into a single unified venue with standardized operations.
• B3 (Brasil, Bolsa, Balcão): B3 is the operator of the Brazilian stock exchange and a publicly listed holding company that operates exchange, clearing, and market infrastructure across asset classes. It is the most comparable LatAm peer in scale, business model, and revenue mix (transaction fees, listing fees, data and services).

Regional players

• Bolsa Mexicana de Valores (BMV): BMV operates the Mexican stock exchange and SENTRA Derivatives Market, and is part of a publicly listed LatAm exchange group. Comparable to nuam as another LatAm equity and derivatives venue serving a regional investor base, but focused on a single country.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nuamexchange/mycompany/?viewAsMember=true

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about nuam