Based on the Nasdaq Financial Framework the solution will replace DCV’s existing core system.
The solution offers trade and instruction management, settlement, custody, corporate event management and registry services, and coverage of all securities in multiple currencies.
It also provides settlement support with optimisation algorithms, and the potential to provide facilities for securities lending and borrowing accounting, as well as straight-through processing in line with global standards and market practices.
Fernando Yáñez, CEO of DCV, said: "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."
Lars Ottersgård, executive vice president and head of market technology at Nasdaq, added: "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."