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BYMA consolidates its strategic alliance with B3 and creates a new Futures Exchange

6 min
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26/7/2018
BYMA consolidates its strategic alliance with B3 and creates a new Futures Exchange

BYMA consolidates its strategic alliance with B3 and creates a new Futures Market

BYMA was authorized by the National Securities Commission (CNV) to start its Futures Market in Argentina, using B3's PUMA Trading System platform. This consolidates the Agreement with B3 communicated in April of this year, which is unprecedented in Latin America due to its potential for joint development at the local and regional level based on cooperation. The Comissão de Valores Mobiliários (CVM) also approved the operation.

From Friday, July 27, BYMA enters the Futures Market enabling the trading of the Merval Index Futures contract - maturity September - whose terms and conditions were also approved by the regulators of both countries.

Thus, BYMA advances in the local derivatives market with a leading platform such as B3's PUMA Trading System, offering its Broker Dealers, Local and International Institutional Investors, Mutual Funds and the Public in general, a trading system with international recognition, which ensures standards of stability and operational security.

Ernesto Allaria, president of BYMA, states: "The local derivatives market has great potential. By working together with B3, we seek to transparently increase the volume and depth of the market. We aim to consolidate a financial hub and foster the region's development". He added: "Locally, the opportunity has to do with the support you will receive from B3: expertise from an experienced market in terms of futures trading."

For Roberto Belchior, Director of Market Development for Latin America at B3 and Director of BYMA, "Providing BYMA with the hosting solution for its new derivatives segment in the PUMA Trading System, which is inaugurated with the offering of Merval Index Futures contracts, reaffirms B3's ability to provide innovative, creative and world-class solutions. The materialization of the service agreement between B3 and BYMA demonstrates the full potential of cooperation between financial market infrastructures as a powerful tool for growth and the generation of opportunities and value for companies, their shareholders, participants and clients. Today marks the beginning of a new era for the Latin American capital markets".

About BYMABYMA is the new Argentine Stock Exchange that intelligently combines markets and technology to turn investment into growth and development. Integrated under a state-of-the-art technological platform and with the quality and security standards of the world's leading markets, BYMA offers secure and transparent access to the investment world, both to institutions, companies and the general public. BYMA is the evolution of the Argentine capital market, combining liquidity, knowledge and professionalism to meet the challenges and demands of today's world, transforming investments into jobs and development for the country in an environment of good corporate governance practices.BYMA concentrates all the steps of the Argentine capital market industry, from a vertical integration that includes listing, trading, registration, settlement, custody with central deposit, payment of claims, access to holdings, and other pre- and post-trade services.More information: www.byma.com.arAbout B3B3 (B3SA3) - Brasil, Bolsa, Balcão - is a world-class financial market infrastructure company and one of the largest in market value, among the global leaders in the exchange sector. It creates and manages - in an exchange and over-the-counter environment - trading, clearing, settlement and registry systems for all major asset classes, from equities and private fixed income securities to currency, interest rate and commodity derivatives and structured trading. B3 also provides central depository and risk control system services through to the beneficial owner and acts as a central counterparty for trades executed in its markets. Headquartered in São Paulo and with offices in London and Shanghai, B3 has a long tradition of innovation in products and technologies and plays an important role in the region's financial and capital markets by promoting best practices in corporate governance, risk management and sustainability. Acting through its qualified network of intermediaries, it manages safe and resilient environments, increasing the safety, soundness and efficiency of the Brazilian market and contributing to long-term capital formation and economic growth in the region.

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