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The future of the exchange: sustainability, technology, and inclusion

The future of the exchange: sustainability, technology, and inclusion


The Santiago Stock Exchange is focused on building a more inclusive, sustainable, and digital market. It is advancing ESG products, asset tokenization, blockchain-based custody, and fintech partnerships to expand access to capital.


The development of ScaleX and MILA’s expansion via Nuam will allow more issuers to raise regional capital and retail investors to trade in real time through mobile apps, at lower costs and with greater transparency.


A world-class Latin American exchange


With more than 130 years of history, the Santiago Exchange is reinventing itself to lead the next generation of capital markets in Latin America. Its vision is clear: an integrated, sustainable exchange powering economic and social development.


  • 2024: Full operational integration under Nuam

  • 2025: Blockchain-based digital custody

  • 2026: New sustainable and thematic funds

  • 2027: Real-time retail access via apps

  • Future: A global, green, inclusive Chilean exchange


The story of the Santiago Exchange is the story of a country committed to integration, transparency, and innovation as engines of sustainable growth.


The history of the Bolsa de Santiago is emblematic of Chile’s economic evolution, where long-standing traditions meet innovative reforms to create a dynamic and forward-looking trading landscape.

Digitalization, new products, and regional integration

Digitalization, new products, and regional integration


Over the last two decades, the exchange has undergone a digital transformation, implementing platforms like Telepregón HT, automated custody systems, and full electronic trading cycles—delivering speed, efficiency, and traceability.


The product suite now includes equities, corporate and sovereign bonds, investment funds, ETFs, derivatives, and more recently, green and social bonds. The ScaleX platform was launched to support SME and startup listings.


MILA and regional leadership


In 2011, the exchange joined the Latin American Integrated Market (MILA) alongside Colombia and Peru, enabling cross-border trading and attracting international investors. In 2022, it began merging operations with the Colombia and Lima stock exchanges under the unified Nuam Exchange platform.


  • 2011: Joins MILA

  • 2015: Chile’s first green bond issued

  • 2018: Launch of ScaleX for startups

  • 2022: Nuam Exchange integration begins

  • 2023: ESG platform launched for issuers


These moves position the Santiago Exchange as a fast, competitive, and regionally integrated capital market.


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Historical roots, institutional growth, and economic expansion

Historical roots, institutional growth, and economic expansion


The Santiago Stock Exchange was founded on November 27, 1893, as a private-sector initiative to create an organized securities market. It began with in-person trading of stocks, bonds, and treasury notes in a developing financial environment.


Throughout the 20th century, the exchange supported the growth of key sectors such as mining, banking, and industry by facilitating corporate financing. Over time, it introduced innovations like electronic bidding, automated pricing systems, and a strong regulatory framework under the Financial Market Commission (CMF).


Legal framework and market structure


Chile’s legal framework emphasizes investor protection, issuer solvency, and institutional participation by pension funds, insurance companies, and mutual funds. This has helped establish a transparent, competitive, and liquid securities market.


  • 1893: Santiago Stock Exchange is founded

  • 1980s: Technological modernization begins

  • 2000s: Growth in fixed-income and fund markets

  • 2010: Joins MILA with Colombia and Peru

  • 2020s: Leads ESG and digital transformation


Thanks to these developments, Santiago has become a trusted platform for issuers and both institutional and retail investors.


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Last Update

31.3.25

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THE HISTORY OF THE SANTIAGO STOCK EXCHANGE

Founded in 1893, the Santiago Stock Exchange (Bolsa de Comercio de Santiago) is one of Chile’s most important financial institutions. From its early in-person transactions to its current leadership in digital innovation, regional integration, and ESG products, the exchange has accompanied the country’s economic growth. This article explores its evolution, impact on capital markets, and forward-looking vision.

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