BYMA renews its liquidation and risk system with Nasdaq technology

NEW YORK AND BUENOS AIRES, SEPTEMBER 19, 2024 - Nasdaq and BYMA, Argentina's leading stock exchange, today announce a significant expansion of their technological partnership that will allow BYMA to base its entire ecosystem of post-trade services on Nasdaq technology. With this new agreement, BYMA will adopt the Nasdaq IT platform for its settlement and risk system, known internationally as clearing. This is a technological milestone, since the operating cycle can be carried out end-to-end with world-class technology, which makes it possible to offer essential services for market activity with greater agility, scalability and security. Trading and custody, which complete market activity, are already carried out in prominent technological systems. Benefits of implementing

• In general terms, the platform allows BYMA to improve the speed, capacity and connectivity of its post-trade service network.
• Incorporation of technological tools for risk control in real time, which introduce new functionalities.
• Improving the digital experience of all market participants. The settlement and risk system will be able to rapidly increase its capacity in periods with a higher volume of transactions. Its modular architecture also provides BYMA with the necessary flexibility to launch new products and services with much shorter launch times.
• Optimized warranty management for all market participants.
• Strengthening of BYMA's current infrastructure, as a provider of essential services for the operation of market activity.

Magnus Haglind, Senior Vice President of Market Technology at Nasdaq, said: "Global market operators are navigating a series of market reforms, more stringent regulations and increasingly complex operating environments. Nasdaq is playing a major role in simplifying the architecture of post-trade services, providing operators with the technology needed to respond to new challenges, to seize new market opportunities and to scale as they capitalize on a new wave of innovation. The consolidation of BYMA's post-trade service provision through the Nasdaq platform demonstrates another great step forward taken in pursuit of the growth and development of the Argentine market."In this regard, the President of BYMA, Ernesto Allaria, confirmed: "We are taking a pioneering step in the local market, which seeks the end-to-end integration of the entire operating cycle into a system with standards from the most advanced markets in the world. Our goal is to provide participants with the possibility to carry out their activities on leading platforms. We welcome this new step in our strategic relationship with Nasdaq." For our part, the CEO of BYMA, Gonzalo Pascual Merlo, said: "This addition together with a leading global strategic partner such as Nasdaq reconfirms our commitment to innovation to transform investment in work and development. In a context of significant market growth, our priority is to build the basic infrastructure that drives economic growth in Argentina. We understand the role of the Capital Market in this objective and for that we provide scalable and efficient systems to meet the investment and financing needs of Argentines."The project will be carried out collaboratively between teams of professionals from the local stock exchange and Nasdaq. BYMA experienced great growth in recent years. Currently, 1.5 million client accounts operate monthly. In the first half of this year, the trading volume of all products exceeded USD 536,324 million (expressed in MEP dollars), which represents 91% more than the volume of the first half of 2023. Compared to the 2023 total, the annual result has already been achieved by 85%. At the same time, BYMA expanded its offer of new asset classes and financial services, and continues to invest in its technological architecture in order to guarantee solid, scalable and resilient markets in the face of an increasingly complex global market. This expansion of the partnership with Nasdaq represents the next step in the investment program, working to ensure integrated, dynamic and secure post-trade transactions. In September 2023, Caja de Valores successfully launched the new custody system developed with Nasdaq technology, which has the necessary capacity to meet operational and performance needs, guarantee the future of the business and position it to then capitalize on future growth opportunities. As a partner of scalable platforms, Nasdaq has extensive experience in the sector and its technological knowledge, combined with its experience in cloud managed services, provides solutions to more than 3,500 banks, intermediaries, regulators, brokers, financial industry operators and companies operating in the market to solve the most complex operational challenges, while advancing the modernization of the entire sector. Its Marketplace Technology division is one of the most important technology providers for global market infrastructures and offers solutions for different types of assets to more than 130 markets, Central Counterparties or CCPs, Depositaries or CSDs and regulators in more than 50 countries. It also offers secure and scalable technology for the entire life cycle of trading operations, helping organizations boost efficiency, transparency and liquidity.