BYMA renews its market data platform with EPAM technology

BYMA announces its strategic agreement with EPAM, a leading global provider of product engineering and digital transformation services, to renew its Market Data, BYMA's market data distribution platform. In line with international best practices, the platform will offer a high-speed service in the availability of financial information through the "FIX protocol" (Financial Information Exchange), which involves a series of messaging specifications to connect to the market. In this way, users will be able to access the Market Data service in real time from the original source of market data with greater agility, efficiency and scalability. Currently, multiple participants make use of this information among retail investors, DMA, professional traders, vendors. And especially algorithms, which currently represent 75% of orders entering BYMA (as of December 2024). The alliance with EPAM Systems will promote algorithmic trading in Argentina and will boost the activity of users who demand very low latency.

In this regard, the CEO of BYMA, Gonzalo Pascual Merlo, said: "The permanent incorporation of world-class technology is good news for BYMA, but fundamentally for the evolution of the Argentine Capital Market, which is the engine of the country's economic development. This new platform opens a new paradigm in the availability of market data that will enhance algorithmic trading in the local market. Thus, the Argentine market will be more accessible and visible to local and international participants."  

‍And he added: "Ongoing innovation through strategic relationships with global leaders such as EPAM is a strategic objective of BYMA."

"We are thrilled to contribute to EPAM's highly optimized high-performance, low-latency market data distribution platform to improve the efficiency of BYMA customers and the market as a whole," asserted Mark Bisker, Senior Vice President of EPAM banking and financial solutions.

‍"This solution takes advantage of our products, including Deltix TimeBase, Deltix FIX Gateway and the B2BITS Millennium ITCH power connector, ensuring next-generation capabilities for BYMA's market data services. We look forward to continuing our close collaboration with BYMA to maintain the quality and stability of the platform."

‍The implemented solution is based on EPAM's experience in market data and FIX protocol.

A path of technological evolution

This step is part of the innovation strategy that BYMA has been carrying out for years with concrete actions. Recently, the Stock Exchange signed other agreements with international references, encouraging the full cycle of operations in the Argentine market to be carried out with world-class technology.

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