Nuam Andean Exchange Posts Record Q1 As Volumes Jump 75%

2026-06-06 04:30:56

(MENAFN- The Rio Times) REGIONAL · MARKETS

Key Facts

- The company: nuam, the holding that merges the stock exchanges of Colombia, Chile and Peru into one Andean market.

- Revenue: 40.7 billion Chilean pesos (about $43m) in the first quarter, up 17% in local terms.

- Profit: net income of roughly 9.7 billion pesos (about $10m), a 47% jump from a year earlier.

- The scale: combined market value of the three exchanges reached $532bn, up 43% year on year.

- The driver: share-trading volumes rose 75%, with a single trading platform now live in Colombia and Peru.

A decade-long effort to weld three small South American stock markets into one is finally showing up on the bottom line, with record first-quarter profit and a surge in trading that suggests the bet on regional scale is starting to pay off.

What the Andean exchange merger delivered this quarter

The numbers behind nuam - the regional holding that brings together the bourses of Bogotá, Santiago and Lima - landed well above year-earlier levels. Operating revenue reached 40.7 billion Chilean pesos, roughly $43m, a 17% rise measured in local currency.

Net profit came in near 9.7 billion pesos, about $10m, up 47% on the same period of 2025. Earnings before interest, taxes, depreciation and amortization climbed 38% to around 19.8 billion pesos (about $21m), lifting the operating margin to 49%, some eight percentage points higher than a year before.

Chief executive Juan Pablo Córdoba tied the result to two forces working together: buoyant capital markets across the three countries, and a company increasingly able to capture that activity through a single, more efficient platform. For foreign readers unfamiliar with the players, the significance is structural rather than dramatic - this is the financial plumbing of three mid-sized economies being rebuilt into one larger, more liquid venue that is easier for international investors to access.

Why trading volumes are surging

The headline operational figure was the 75% jump in equity-trading volumes, alongside a 29% rise in fixed-income activity and 21% in derivatives. Cleared volumes reached $521bn, up 29%, while assets under custody hit a record $387bn, a 39% increase.

The combined market capitalization of the three exchanges stood at $532bn at the close of the quarter, up 43% from a year earlier - a reflection of both rising regional asset prices and the pull of a unified marketplace.

Much of the momentum traces to wider enthusiasm for Latin American assets in early 2026, as a weaker dollar for much of the period steered foreign money toward the region. But nuam also argues that integration itself is widening the investor base: since early 2025, Colombian investors have been able to buy the most liquid Chilean and Peruvian shares directly, and the reverse access is being built out across the three markets.

The cross-border access is being added in stages. In January 2025 the Colombian exchange listed shares from Chile's main IPSA index, and by the second half of that year the most liquid Peruvian stocks were enabled as well, so that investors in one country can already reach the leading names in the other two.

Behind the equity push sits a deeper plan: a single set of trading, clearing and custody systems spanning all three markets, which the company says will cut costs for brokers and issuers and reduce the friction that has long discouraged cross-border investment in the region.

Live Market IntelligenceColombia - Live Market BoardInside: market breadth, the sector heatmap, currencies & rates, the Latin America scoreboard and the full instrument board.

Rio Times · Live Market Intelligence

Colombia - Live Market Board

BVC · Bogotá
Jun 6, 2026 · 05:11

MSCI COLCAP · benchmark 2,192.97
-1.58% L 9.02day rangeH 9.05

Market breadth · 9 names 0% advancing

0 ▲ advancing9 declining ▼

Currencies, rates & key inputs USD / COP 3,594 +0.54%

Brent crude 93.09 -2.04%

WTI crude 90.54 -2.69%

Sector heatmap · average move today Industrials -0.91% TECNOGLASS

Financials -1.76% BANCOLOMBIA, GRUPO AVAL, CREDICORP

Energy -3.13% ECOPETROL

Other -5.20% BRENT, WTI, SOUTHERN COPPER

Mining -11.70% BUENAVENTURA

Latin America scoreboard IndexLastTodayStrength IbovespaBrazil
169,019
-0.77%

S&P/BMV IPCMexico
66,141
-1.86%

S&P IPSAChile
10,273
-0.30%

S&P MERVALArgentina
3,084,617
-2.83%

MSCI COLCAPColombia
2,192.97
-1.58%

BVL S&P PerúPeru
34,937.73
+0.29%

Full instrument board

Instrument	Last	Change	YoY	Prev.	High	Low	Volume
COLCAP	2,192.97	-1.58%	-	9.04	9.05	9.02	4,133
USD/COP	3,594	+0.54%	-12.48%	3,575	3,611	3,558	-
BRENT	93.09	-2.04%	+40.05%	95.03	95.90	92.68	36,405
WTI	90.54	-2.69%	+40.20%	93.04	93.63	89.68	215,733
ECOPETROL	15.15	-3.13%	+68.90%	15.64	15.52	15.10	2,062,448
BANCOLOMBIA	70.88	-2.00%	+64.61%	72.33	72.24	70.37	237,031
GRUPO AVAL	4.80	-2.04%	+65.52%	4.90	4.84	4.72	185,818
TECNOGLASS	42.35	-0.91%	-52.10%	42.74	43.01	41.80	191,653
CREDICORP	322.50	-1.23%	+48.24%	326.53	324.36	310.75	1,189,658
BUENAVENTURA	30.26	-11.70%	+78.53%	34.27	33.42	30.16	1,012,741
SOUTHERN COPPER	172.97	-10.88%	+87.45%	194.09	187.06	172.30	1,895,731

Largest moves today BUENAVENTURA
30.26
-11.70% SOUTHERN COPPER
172.97
-10.88% ECOPETROL
15.15
-3.13% WTI
90.54
-2.69% BRENT
93.09
-2.04% GRUPO AVAL
4.80
-2.04% BANCOLOMBIA
70.88
-2.00% COLCAP
2,192.97
-1.58%

The session read The MSCI COLCAP eased 1.58%, with breadth negative - 0 of 9 names higher. Industrials led, while Mining lagged.

From The Rio Times

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The integration roadmap and what comes next

During the quarter the holding completed the rollout of its new equity-trading platform in Colombia and Peru, with Chile still to follow. The system, built with global technology providers including Nasdaq and Devexperts, is designed to process up to 10,000 transactions per second - infrastructure that places the Andean bloc among the more technically advanced emerging markets.

When Peru switched on the platform in late April, its first session ran without interruption and trading volume came in nearly 20% above the prior day.

The strategic logic is straightforward: individually, the Colombian, Chilean and Peruvian markets are too small to compete for global capital with the likes of Brazil or Mexico. Pooled, they form a market deep enough to matter.

The first-quarter results are the clearest sign yet that the merger - years in the making and not without skeptics - is converting that theory into recurring revenue. The remaining test is Chile, the largest of the three, whose full migration will determine whether nuam can deliver a genuinely single Andean equity market rather than three linked ones.

Frequently Asked Questions

What is nuam?

It is the regional holding company that integrates the stock exchanges of Colombia, Chile and Peru into a single market, with the aim of giving investors and companies access to all three through one platform.

How big are the combined markets?

The three exchanges had a combined market value of about $532bn at the end of the first quarter of 2026, up 43% from a year earlier.

Is the integration complete?

Not yet. The new single trading platform is live in Colombia and Peru, while the rollout in Chile, the largest of the three markets, is still under way.

Why does it matter for foreign investors?

A larger, more liquid combined market is easier and cheaper to invest in than three small separate ones, potentially drawing more international capital to the Andean region.

Connected Coverage

The result lands amid a broader push to deepen regional economic ties; see our coverage of Chile's Pacific Alliance modernization and Colombia's trade ties.