Trading and Registration
We facilitate safe and efficient operations, guaranteeing transparency and traceability on the market.
Primary Offerings
BYMA has the BYMA Primary Offering System, which allows both BYMA Member Agents and other intermediaries to freely participate in the primary placement process of marketable securities through the Internet.
BYMA Primarias allows:
Manage placements
Information, parameters and documentation.
Use your Web platform or API Rest
Manage orders
Registration, cancellation and query of client and own orders.
Secondary trading
Secondary trading refers to all transactions that occur between investors once assets have been issued and purchased by investors directly from the issuer of the assets in the primary market. Secondary trading can occur in different segments:
Bilateral Trading
SENEBI
Bilateral Negotiation Segment
Member Agents operate on their own account, arranging transactions through direct dealings with their counterparties. All transactions arranged shall be reported by BYMA members for disclosure, registration and publication. The transactions arranged and registered on SENEBI are considered unsecured and, consequently, are not secured by Mandatory Default Fund established by BYMA.
SISTACO
Member Communication System
It is the system that allows Securities Brokers (ACVN) to report to BYMA activity on securities. The ACVNs are responsible for finding counterparties for transactions between members, and act as guarantors of the same bilateral trades they are intermediaries for, which will be subsequently registered in the Price Time Priority segment. In the event that the trades registered on SISTACO by ACVNs are not guaranteed, they must be registered on SENEBI.
Price Time Priority (PPT)
This is electronic trading with automatic trade matching through the Millennium trading system, in which the price-time priority (PPT) rule governs order precedence.
This means that the orders that will execute first will be those with the most convenient price and, for all orders with the same price, those that have been loaded first.
This segment of the market is called "blind" because the counterparty to the trades is not known. The settlement of these trades is guaranteed by BYMA fulfilling its role as central counterparty.
FINANCIAL PRODUCTS
What is negotiated?
We are a solid, resilient institution with a constant commitment and effort to the development of our market. This is reflected in our results, financial progress and operating margin.
