BYMA PRIMARIAS
Explore our new integrated platform, featuring advanced technologies and tools designed to streamline and accelerate the initial offering process, and enhance your investment experience. Be part of this new way of participating in the issuance of marketable securities.
What is BYMA Primarias
BYMA Primarias, BYMA's independent Initial Offering system developed entirely in-house, provides users with all the essential functions and features for primary market operations.
This system grants access to the primary market, enabling users to participate in the bidding of negotiable securities with all the necessary functionalities for this type of operation
Steps to become a Placement agent
Become a Placement Agent on BYMA Primarias and access the market with ease. Register to participate in offerings by following simple steps.
Offerings
Explore available initial offerings with key details such as dates, amounts and prospectuses. Access all the information you need to take fill advantage of the primary market.
Calendar
Check the monthly calendar to ensure you don't miss any initial offering investment opportunities.
What types of transactions can be conducted on BYMA Primarias?
The transactions supported by the BYMA Primarias platform can be summarized in initial offerings of:
- Prices
- Negotiable Obligations
- Financial trusts
- Quota shares - Mutual funds
- Actions
- Canjes
- Prices
- Negotiable Obligations
- Financial trusts
- Quota shares - Mutual funds
- Actions
- Canjes
- Prices
- Negotiable Obligations
- Financial trusts
- Quota shares - Mutual funds
- Actions
- Canjes
- Prices
- Negotiable Obligations
- Financial trusts
- Quota shares - Mutual funds
- Actions
- Canjes
Main features of the BYMA Primarias platform:
The entire initial offering process takes place through the BYMA Primarias system.
The system facilitates a consolidated and integrated approach. All aspects, from placement and settlement to listing and trading, are handled directly on BYMA.
The system allows for the use of various mechanisms, including Book Building, Auctioning or Public Bidding, Subscription, and Exchange.
A dedicated support desk is available, offering necessary assistance to both placing agents and bidders throughout the entire process.
Differences between Primary and Secondary Markets
Single price: Issuers and investors define the prices of the new securities to be issued.
Variable prices: Prices are determined by supply and demand. They fluctuate according to market conditions and investor expectations.
Unique transactionality: Transactions of securities issued for the first time by companies, governments, or other entities are conducted here.
Transaction fluidity: Investors buy and sell securities among themselves, and these transactions do not directly impact the issuer.
Funding source: Companies, governments, or other entities offer newly issued securities to registered investors to obtain financing for new projects.
Continuous trading source: Securities previously issued in the primary market are actively traded here.
Why BYMA Primarias?
Tailor-made solutions for the parties involved in the initial offering process.
Brokers
- Brokers will have the opportunity to be part of a consolidated and integrated operation. Placement, settlement, listing and trading all take place on BYMA.
- Full functionalities: The system allows brokers to pre-calculate cut-off prices, modify variables and estimate the allocation.
Placement Agents
- The new system supports various mechanisms, including Auctioning, Subscription, Exchange, and Book Building, with automatic or chronological allocation.
- The platform features a permanent support desk during the whole process, both for placement agents and subscribers.
- Self-Service Placements: Placement creation, editing, parameterization, status adjustments, and instrument additions are made easy.
Issuers
- The system facilitates a consolidated and integrated approach. All aspects, from placement and settlement to listing and trading, are handled directly on BYMA.
- Full functionalities: the system allows pre-calculation of cut-off prices, modification of variables and estimation of allocations.