"We are very satisfied with our thorough, year-long vendor partnership process in selecting the Nasdaq platform, which will replace the core system of the DCV," said Fernando Yáñez, CEO of DCV. "We believe with the implementation of this new system, we will have more opportunities for growth and diversification in our current services, as well as strengthening our day-to-day operations."
Under the agreement with DCV, Nasdaq will deliver its CSD Solution, which will allow for:
"As a partner with the DCV on transforming their technology to a next-generation platform, the Nasdaq Financial Framework's open nature will support the future growth and demand of their business, as well as requirements from partners and regulators," said Lars Ottersgård, Executive Vice President and Head of Market Technology, Nasdaq. "By leveraging the Nasdaq Financial Framework, DCV's new technology will allow for standardized, unified operations, messaging and data infrastructure coupled with unparalleled flexibility and cost efficiency. DCV can also integrate its own business functionality, as well as other third-party offerings, helping to meet their own unique needs."
Nasdaq's exchange technology, including trading, clearing, CSD and market surveillance systems, is in operation in over 89 marketplaces across the Americas, Europe, Asia, Australia, Africa, the Middle East and the Caribbean.