Thu Sep 19 07:12:04 UTC 2024: ## BYMA Embraces Nasdaq Technology for Post-Trade Ecosystem

**BUENOS AIRES, Argentina -** BYMA, Argentina’s leading stock exchange group, announced a significant expansion of its partnership with Nasdaq, adopting the global technology company’s real-time clearing platform. This move signifies a major step towards modernizing BYMA’s entire post-trade ecosystem.

The agreement sees BYMA integrating Nasdaq’s clearing platform into its central counterparty clearinghouse (CCP), building upon their existing partnership with Caja de Valores, Argentina’s central securities depository, also owned by BYMA.

This integration will offer BYMA several benefits, including:

* **Improved Speed and Capacity:** The platform will enhance the speed, capacity, and connectivity of BYMA’s post-trade network.
* **Enhanced Risk Management:** Real-time data access, advanced risk analytics, and greater operational resiliency will optimize risk management across the system.
* **Streamlined Operations:** The move simplifies BYMA’s existing structure, consolidating settlement, clearing, and risk management into a single platform.
* **Faster Innovation:** The modular architecture allows BYMA to launch new products and services with a much shorter time-to-market.

This move aligns BYMA with international best practices, centralizing liquidity and optimizing collateral management for its members. BYMA has experienced significant growth in recent years, processing millions of trades daily, and this partnership with Nasdaq will ensure its infrastructure can handle the increasing complexity of the global market.

“We are taking a crucial and pioneering step within the local market,” stated Ernesto Allaria, BYMA Chairman. “Our aim is to give market participants access to cutting-edge platforms.”

Gonzalo Pascual Merlo, BYMA CEO, added, “Partnering with a leading global strategic partner such as Nasdaq reconfirms our commitment to innovation.”

This partnership underscores BYMA’s commitment to building a robust and scalable infrastructure for Argentina’s financial market, driving investment and economic growth.

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