- Business
- Bolsas y Mercados Argentinos SA is a vertically integrated financial market infrastructure provider and central securities depository based in Argentina. The company operates across core business segments encompassing Trading and Execution, Clearing and Central Counterparty Services, Depository and Custody Services, Market Data and Information Services, and Technological and Issuer Solutions.
The company provides an extensive portfolio of financial products, platforms, and post-trade services, including: electronic trading and order-routing platforms for domestic equities, CEDEARs (Certificados de Depósito Argentinos representing foreign shares and global exchange-traded funds), government sovereign debt, provincial debt, corporate bonds (Obligaciones Negociables), financial trusts (Fideicomisos Financieros), and closed-end mutual investment funds; money market and collateralized financing facilities, including securities lending, repurchase agreements (pases), and secured bursar loans (cauciones bursátiles); short-term corporate and SME financing instruments, encompassing deferred-payment checks (Cheques de Pago Diferido), electronic credit invoices (Facturas de Crédito Electrónicas), and digital promissory notes (Pagarés Bursátiles); standardized derivatives, futures, and options contracts; central counterparty clearing house (CCP) services providing real-time risk management, margin calculation, multilateral netting, and trade settlement guarantees; central securities depository, custody, registry, and asset servicing through its principal operating subsidiary, Caja de Valores SA, which handles securities safekeeping, dividend payments, coupon distribution, proxy voting, and corporate action processing; market data feeds, historical statistical databases, benchmark equity indices developed in collaboration with S&P Dow Jones Indices (such as the S&P/BYMA Argentina General Index and the S&P/BYMA ESG Index), and market valuation services; and financial technology solutions, including FIX protocol connectivity, direct market access (DMA) systems, issuer services for public offerings, and digital investor web and mobile applications.
In recent developments, Bolsas y Mercados Argentinos SA has expanded its product catalog, advanced technological modernization initiatives, and reinforced its capital market infrastructure. The company has broadened its CEDEAR offering by incorporating new international exchange-traded funds (ETFs) and global corporate equities, significantly increasing foreign investment access for local market participants. BYMA has also enhanced its technological ecosystem through the deployment of updated API architectures, cloud-integrated infrastructure, and modernized digital platforms across Caja de Valores, streamlining client onboarding and investor self-service capabilities. To support sustainable finance in the local market, the company has expanded its Social, Green, and Sustainable (SVS) Bond Panel and broadened its sustainability index offerings. Additionally, the institution has strengthened its cross-border custody arrangements and connectivity with global central securities depositories, including Euroclear and Clearstream, facilitating international capital flows and enhancing settlement efficiency for cross-border instruments.
Headquartered in Buenos Aires, Argentina, Bolsas y Mercados Argentinos SA was established in 2016 following the corporate and regulatory restructuring of the Mercado de Valores de Buenos Aires (MERVAL) and the Bolsa de Comercio de Buenos Aires under Argentine capital markets legislation, officially commencing exchange operations in 2017. The company primarily serves broker-dealers (Agentes de Liquidación y Compensación), commercial and investment banks, institutional asset managers, corporate issuers, and individual investors across Argentina and international investment corridors.