Chile’s Depósito Central de Valores S.A. (DVC) just lately introduced the go-live of its new central securities depository (CSD) expertise platform delivered by Nasdaq, which is able to let DCV advance its strategic initiatives.
We spoke with Rodrigo Roblero, Basic Supervisor at DCV, about why the corporate chosen Nasdaq as a expertise accomplice and DCV’s imaginative and prescient for the long run.
Are you able to inform us about DCV, in addition to its imaginative and prescient and technique for the long run?
DCV is the one CSD within the Chilean monetary market chargeable for the custody of publicly provided securities, processing and electronically registering inventory market transactions, amongst different companies. As we sought to ascertain a number one infrastructure for the Chilean capital market, in 2018 we determined to take advantage of vital technological change within the historical past of DCV to organize for the challenges we might face sooner or later. Thus, within the seek for a strategic accomplice for these functions, we chosen Nasdaq. This long-term partnership won’t solely permit us to have entry to important expertise for the event of our business but additionally allow us to be up to date on new practices within the worldwide markets that we are able to share with our shoppers. Moreover, it permits us to guage new enterprise alternatives in step with the event of recent rising applied sciences.
What had been the primary drivers behind your choice to improve your expertise platform, and why did you select Nasdaq?
For firms taking part within the infrastructure provision business for market growth, the technological space is a key a part of the enterprise technique. Day-after-day, markets expertise better challenges in integrating processes and data. Dealing with this new actuality and the long run from a brand new paradigm, DCV determined to search for a world-class accomplice who will help us to allow technological modifications and reply to the rising wants of the market with better agility, thereby delivering more and more subtle services and products of the best high quality.
How will this expertise funding provide help to obtain your technique?
Our future technique is to proceed delivering infrastructure and different complementary options to our native and worldwide shoppers beneath the best requirements of transparency, safety and effectivity. The brand new Nasdaq CSD platform is a key piece in attaining this objective, because it places us on the technological forefront of securities depositories worldwide, incorporating versatile capabilities to simply adapt to altering market situations and fixed regulatory necessities.
What’s going to this funding imply in your clients and the broader Chilean capital markets?
The DCV Evolución undertaking generates not less than 5 advantages for the Chilean capital market, particularly:
1. Modernization of the programs linked to the securities custody and settlement service, incorporating one of the best worldwide practices on this space; efficiency, scalability, redundancy and resiliency, amongst others.
2. Entry to world-class applied sciences within the securities depository business.
3. Introduce the imaginative and prescient of a related participant within the world monetary business, corresponding to Nasdaq, with entry to the everlasting renewal of companies for the Chilean market.
4. Agility and ease to entry info.
5. Extra simplified processes with a greater person expertise. On this sense, through the first days, we’ve seen a substantial improve within the processing velocity of DCV operations, greater than 100 instances sooner. Processes that used to take seconds now take milliseconds.
Wanting forward, the place do you see DCV within the subsequent 5 to 10 years?
Within the subsequent few years, we count on to proceed to play a central function within the operation and growth of the native capital markets by offering a contemporary and high quality service to our shoppers. Moreover, by integrating new applied sciences into our operation, we are able to develop new enterprise areas and a extra digitalized service providing. The corporate created a brand new subsidiary known as “DCV Asesorías y Servicios” that may permit us to develop in complementary actions to the corporate’s line of enterprise.