BYMA Argentina to Adopt Nasdaq Clearing Platform

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BYMA to base the entire post-trade ecosystem on Nasdaq technology

Argentina’s exchange group to use Nasdaq’s real-time clearing platform, expanding the company’s existing Central Securities Depository partnership

The clearing platform will increase capacity and connectivity while reducing operational complexity

NEW YORK and BUENOS AIRES, Argentina, Sept. 19, 2024 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) and BYMA, Argentina’s leading stock exchange group, today announced a significant expansion of their technology partnership that will see BYMA make all postings. -the trading ecosystem in Nasdaq technology.

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Under the terms of the agreement, BYMA will use Nasdaq’s real-time clearing platform in its counterparty clearing center (CCP), complementing Nasdaq’s existing technology partnership with Caja de Valores, Argentina’s central securities depository, which is also owned by BYMA.

Together, the platform enables BYMA to increase post-trade network speed, capacity, and connectivity, while optimizing system-wide risk management through more real-time data access, advanced risk analysis, and greater operational resilience. In addition, it aims to improve the reconciliation and digital experience for clearing members, drawing on industry standard APIs.

The cleaning system will be able to increase capacity quickly through periods of heightened volume, while the modular architecture gives BYMA the flexibility to launch new products and services with shorter time-to-market.

The move will support BYMA’s shift to a model where cash and security payments are made at a central securities depository after netting has taken place at a clearing house, in line with international best practice. This will allow liquidity to be centralized and optimize collateral management for members, while ensuring a clear differentiation of functional capabilities between the two entities. It also simplifies the existing corporate structure where settlement, clearing, and risk are processed independently in three different systems.

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Magnus Haglind, Senior Vice President, Market Technology at Nasdaq, said: “Market operators globally are facing a series of market reforms, stronger regulation, and an increasingly complex operating environment. Nasdaq has a strong role to play in helping to simplify the post-trade architecture, ensuring operators have the technology to respond to new challenges, take market opportunities, and scale while using the new wave of innovation.The consolidation of post-BYMA trading operations on the Nasdaq platform marks another major step in the growth and development of the Argentine market.

Ernesto Allaria, Chairman of BYMA said: “We are taking an important and pioneering step in the local market that seeks to integrate the entire trading life cycle with a system that meets the most advanced global market standards. Our goal is to give market participants access to a leading platform that allows each today. We are celebrating this important step in strengthening our strategic partnership with Nasdaq.

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Gonzalo Pascual Merlo, CEO of BYMA, added: “Partnerships with global strategic partners such as Nasdaq reaffirm our commitment to innovation to transform investment into growth and development. In the current context of increasing market growth, our priority is to build the basic infrastructure needed to drive economic growth Argentina. We understand the role that the Argentine Capital Market has to play in achieving these goals. To this end, we provide a scalable and efficient platform for Argentines to achieve their investment and financial goals.

BYMA has experienced significant growth in recent years, now serving 1 million trades per day with approximately 1.5 million active investment accounts per month, while also expanding new asset classes and services. To ensure that the market remains robust, scalable, and resilient in an increasingly complex global marketplace, BYMA continues to invest in its underlying technology architecture. Developing a partnership with Nasdaq is the next step in our investment program, helping to ensure secure, dynamic and reliable integrated post-trade operations.

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In September 2023, the Central Securities Depository successfully launched a new platform, securing its ability to meet immediate operational and performance needs, future-proofing the business, and positioning the business to take advantage of future growth opportunities.

As a scale platform partner, Nasdaq draws on deep industry experience, technology expertise, and cloud-managed services experience to help 3,500+ banks, brokers, regulators, financial infrastructure operators, and buy-side companies address their toughest operational challenges as they advance modernization around the world. industry. Marketplace Technology Business is one of the world’s largest marketplace infrastructure technology providers, providing multi-asset solutions to over 130 marketplaces, CCPs, CSDs and regulators in over 50 countries. It offers reliable and scalable technology across the trade lifecycle, helping organizations to improve efficiency, transparency, and liquidity.

About BYMA

BYMA is the main Stock Exchange in Argentina that combines liquidity, knowledge and expertise to overcome today’s financial challenges and demands, driving investments to job opportunities and the development of the country. Integrated on a cutting-edge technology platform, according to the quality and security standards of the global market, BYMA offers organizations, companies and the general public safe and transparent access to the investment world. BYMA is also the controlling shareholder of Caja de Valores SA, the entity that is the only Central Securities Depository in Argentina. We are the only exchange that can offer trade-related, post-trade and custody services for all types of securities in Argentina, for local and foreign market participants. To learn more about the company, visit us on LinkedIn, at X @BYMAOfficially or at https://www.byma.com.ar/en.

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About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with global capital markets and the broader financial system. We want to deliver a world-leading platform that improves liquidity, transparency, and integrity of the global economy. A variety of data, analytics, software, exchange capabilities, and client-focused services enable clients to optimize and execute their business visions with confidence. To learn more about our company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or on www.nasdaq.com.

BYMA Media Contact
Bernard Ekel
communicacion@byma.com.ar

Nasdaq Media Contact:
Andrew Hughes
+44 (0)7443 100896
Andrew.Hughes@nasdaq.com

-NDAQG-

Cautionary Caution Regarding Forward-Looking Statements:

The information set forth in this press release contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results may differ materially from those contained in the forward-looking information. Forward-looking statements can be identified by words such as “may”, “will” and other words and similar terms. These forward-looking statements include, but are not limited to, statements related to the benefits of Nasdaq’s post-trade technology solutions. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These risks and uncertainties are detailed in Nasdaq’s filings with the US Securities and Exchange Commission, including its annual report on Form 10-K and quarterly report on Form 10-Q available on Nasdaq’s investor relations website at http://ir. nasdaq .com and the SEC website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

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