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ONLINE STOCK EXCHANGE

BYMA adopted exceptional actions and measures, in a dynamic context of continuous analysis and monitoring, with the main objective of collaborating with the authorities in the prevention and mitigation of the pandemic, prioritizing the health and welfare of its employees and the varied ecosystem with which we interact and ensuring the normal operation of the Stock Exchange remotely.

6 min
|
4/8/2020
ONLINE STOCK EXCHANGE

BYMA has a BIA (Business Impact Analysis) to assess the impact of a contingency situation, which allowed it to respond quickly to this new scenario caused by COVID 19. Since Friday, March 20, BYMA has continued its activity almost 100% remotely. It put all its technology team to provide support to employees and all our ALYCS members, to give continuity to each of the steps of our industry.Regarding our customers, alternative connectivity formats were managed for those agents who do not have contingency mechanisms and it was checked that all Agents could access the market remotely. On the other hand, the courses carried out by the IAMC are being delivered online.Thus, activities were kept in normal operation.The investments in connectivity and telecommunications and the automations in all its processes made by BYMAduring the last few years have yielded results. The evolution of fixed income, equity, options and surety volume is shown below. It can be seen that market activity remained unchanged.

To keep the flow of credit to the real economy running, BYMA reactivated the process of deferred payment checks and other SME instruments. Although initially bank clearing of checks was not allowed, that restriction was lifted within a week. As these instruments are important for the payment chain, a group of Caja de Valores employees went to the head office with special permission from the CNV.At the same time, we began to advertise more widely the mechanisms for receiving checks and promissory notes from our EPYME platform, which allows us to receive SME instruments securely and work with the images.The ECHEQs and electronic promissory notes grew exponentially these days, helping the financing of SMEs, since the quarantine began, more than 899 ECHEQs, 100 Electronic Promissory Notes were negotiated and more than 50 Electronic Invoices were discounted.#BYMAOnline#EntreTodosPodemos

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