The bell rang at BYMA, the new Argentine stock exchange

After fulfilling all the formal steps and corresponding authorizations, BYMA, Bolsas y Mercados Argentinos, the new stock exchange is now fully operational and its shares are traded on the stock exchange, as are the companies listed on BYMA.For this purpose, a symbolic bell was rung on Tuesday afternoon at the Buenos Aires Stock Exchange, where BYMA's stock was traded for 15 minutes (between 4:45 and 5 pm), which will begin to be placed in the General Panel until it gains volume and can gain more preponderance in the market.The paper started at a price of $100 and after the brief trading it closed with a quotation value of $150 (a 50% rise) and a total of 196,066 shares traded.According to sources consulted by iProfesional, this Wednesday the share could take logical gains after its initial strong rise and be located around 120 pesos.

"It is a great emotion and satisfaction to lead the board of directors of this new institution that will mark a milestone in the history of the Argentine capital markets," said BYMA's Chairman, Ernesto Allaria.

"Today BYMA is at the disposal of all economic players to convert investment into production and services, to transform savings into productive investment to be used in financing projects that contribute to the generation of employment and the growth of the national economy," he added.The President of the Buenos Aires Stock Exchange, Adelmo Gabbi, and the head of the National Securities Commission (CNV), Marcos Ayerra, accompanied Allaria on the stage and preceded the traditional ringing of the bell, which led to the operation by voice and marked the beginning of BYMA's formal opening.Also present were Luis Caputo, Minister of Finance of the Nation, Cristiano Ratazzi, President of Fiat, and Thomson Reuters accompanied the Exchange as the only partner to show live the start of trading.Thomson Reuters' President for emerging countries, Gonzalo Lissarrague, who pointed out that "BYMA, through an agile, modern and competitive platform, offers a reliable and transparent access to the world of investments. We are pleased to support this great bet for the financial market, which is key to generate genuine sources of funding."