BYMA Advances World-Class Technology Strategy with USD 21 Million Investment

In recent years, the Argentine Capital Market hasexperienced exponential growth. Investments have become an increasingly popularalternative for Argentines seeking returns and aiming to keep pace with thedynamic local economic context.

This growing interest has translated intorecord-breaking volumes. December 2024 closed with the highest single-daytrading peak of the year, reaching 1,121,572 trades on December 18,representing a 76% increase over the 2024 daily average. The year 2025 hasbegun by maintaining this upward trend, with the first month's average daily tradesexceeding the 2024 daily average by 32%. Notably, these processing volumessurpass those of leading exchanges such as the London Stock Exchange (LSEG).

To further capitalize on this scenario, BYMA will advance its world-classtechnology strategy with a US$21 million investment in new projects over thenext few years, with 80% of that allocated between 2025 and 2026.

This commitment nearly doubles the amount invested intechnology over the past three years, demonstrating BYMA's strong dedication tofostering technological evolution within the local ecosystem.

Through partnerships with global leaders like Amazon Web Services, EPAM, Nasdaq, Oracle, Red Hat, among others, BYMA plans to further strengthen the Argentine market's IT infrastructure. The focusison enhancing the scalability and capacity of systems that enable increasinglyhigher trading volumes. Some ongoing projects currently impacting the ecosystem include:

• With Amazon Web Services, BYMA will continue introducing innovative solutions to enhance the availability, capacity, efficiency, security, and scalability of its systems and platforms. This collaboration also aims to elevate the data strategy and innovation for both BYMA and market participants.
• With Oracle, BYMA will evolve its offering of technological services for Brokers.
• With Nasdaq, BYMA will renew its settlement and risk system during the course of the year,following the successful implementation of the CSD system with the same leadingprovider in 2023.

The trading cycle is evolving towards end-to-endintegration with world-class technology, including: Trading (Millennium),Market Data (EPAM), Post-trade (Nasdaq), and Central Securities Depository(Nasdaq).

Employment generation

Technological investment at BYMA also significantly boosts employment.Internally, this IT evolution creates new development opportunities for BYMA employeeswith a technological focus. In 2024 alone, BYMA brought on 80 new people, andtoday, over 44% of the BYMA Group's staff are technology specialists focused oninnovation and new technologies.

This scenario also generates indirect employment byfostering collaborations with companies, startups, and SMEs across variousregions of Argentina that support the development of IT implementations andtransformations.

A journey of innovation ‍

The announced projections underscore BYMA's ongoing technologicalevolution, a strategic journey that has been underway for years. Since 2022,BYMA has already invested $25.4 (This figure includes projectedinvestment from 2025 and is expressed in MEP dollars.) million in key projects.

‍Market growth in numbers: 2024 vs. 2025

December 2024 saw an exponential increase that notonly surpassed previous trends but also marked a turning point for the year,establishing a favorable starting point for 2025.

Trades

• In 2024, nearly 640,000 daily trades were recorded, a 92% increase over the 2023 daily average. This number showed consistent growth, with the daily average for December 2024 reaching 820,000 trades. Additionally, an exceptional peak     occurred on December 18th, with 1,121,572 trades in a single day.
• These strong results were further surpassed in the first month of 2025. The daily average number of trades during this period was 32% higher than the 2024 daily average, reaching a total of 843,000 transactions in a single day.

Transfers

• In 2024, the  average monthly transfer amount exceeded 10.7 million transactions.
• So far in 2025,  this figure has surged by 56%, reaching a total of 16.7 million monthly transactions.
• This year, a  single-day peak of 2.89 million transactions was recorded, surpassing the 2024 daily average by 464% and the 2025 daily average by 297%.
• In 2024, the  Average Daily Traded Volume (ADTV) stood at USD 5,701 million,  experiencing significant jumps from October onwards. From October to November, ADTV rose to USD 7,861 million, and further increased from  November to December, reaching USD 9,018 million.
• The ADTV trend  continued its incremental growth in 2025. The daily average for 2025 shows  a 57% growth compared to the overall daily average for 2024.

‍ADTV (Average Daily Trading Volume)

• In 2024, the     Average Daily Traded Volume (ADTV) was USD 5,701 million, seeing significant  increases starting in October. From October to November, ADTV climbed to USD 7,861 million, and then even higher from November to December,     reaching USD 9,018 million.
• The ADTV trend     continued to grow incrementally into 2025. The daily average for 2025 shows a 57% growth compared to the overall daily average for 2024.

‍Open Trading Accounts

• 2024 concluded     with 16.5 million open investor accounts, marking an 80.9% increase over the total at the end of 2023. Virtual wallets represent a significant portion of this total, accounting for 37%. On average, approximately  600,000 new accounts are opened each month.
• In the first month of 2025 alone, investor accounts grew by 26% compared to the total at the end of 2024. Today, the total number of open client accounts stands at 20 million.

International context. The local market is becoming increasingly attractive, even generatingvolumes that surpass international counterparts. Data analysis revealscompelling comparisons: the daily average of trades recorded on BYMA in 2024 was 9% higher than that of a world-leading exchange like the London StockExchange, which had an annual average of 597,361 daily trades. When comparingthe average daily trades in December, BYMA's figure was 44% higher than theLondon Stock Exchange's.

What do these numbers indicate?

• Growing Market Depth: The local market is  expanding and gaining significant depth, now approaching and even surpassing the activity of other markets that were once far ahead. In this  scenario, the processing capacity of Argentina's technological     infrastructure plays a central role.
• Increased Corporate Financing: Companies are gaining  access to more financing opportunities. According to data from the   National Securities Commission, corporate financing accumulated as of  December 2024 reached an all-time record of US$23,932 million, more than double the amount placed in 2023. This 2024 figure also exceeded the  previous historical maximum, set in 2018, by 20%. As individuals choose to  transform their savings into investments, companies can secure funds to realize their projects. If current economic conditions persist, the population's increasingly solid savings structure will deepen, fostering a  long-term vision and attracting international investments.

Challenges and projections
‍As the figures show, the growing interest andincreased access of participants to the market isn't an isolated event orcircumstantial behavior. This trend has been sustained over time, indicatingthat Argentina is now positioned on a new foundation.

At BYMA, we've been actively creating the conditionsfor this evolution, preparing and investing in the incorporation of systemsused by the world's leading markets. As with any evolutionary path, there's aprocess of adaptation for all market factors and participants, and there may beinstances where our systems perceive stressful situations.

BYMA's core focus remains on continued investment tointroduce solutions that can meet the growing interest of investors in theArgentine market.

The role of Brokers

A key factor in this journey is the work of our MemberBrokers, who encourage and generate the increase in both the number of tradesand the number of investors. Our Members are responding with resources,professionalism, and, above all, the daily effort required to meet thechallenges associated with this growth, maintaining constant coordination withBYMA.

‍The market is resonating and this is good news.

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