Thu Sep 19 07:00:27 UTC 2024: ## BYMA Leverages Nasdaq Technology for Entire Post-Trade Ecosystem

**BUENOS AIRES, Argentina – September 19, 2024** – BYMA, Argentina’s leading stock exchange group, has announced a significant expansion of its technology partnership with Nasdaq, effectively transitioning its entire post-trade ecosystem to Nasdaq’s advanced technology platform.

This strategic move sees BYMA adopt Nasdaq’s real-time clearing platform for its central counterparty clearinghouse (CCP), complementing their existing partnership with Caja de Valores, Argentina’s central securities depository, also owned by BYMA.

The integration aims to enhance efficiency and connectivity within BYMA’s post-trade network, offering benefits such as:

* **Improved speed and capacity**: The new platform enables rapid scaling to accommodate increased trading volumes, ensuring smooth operations even during peak periods.
* **Enhanced Risk Management**: Real-time access to data, advanced analytics, and operational resilience contribute to a robust risk management framework.
* **Streamlined operations**: BYMA aims to simplify its existing structure, integrating clearing, settlement, and risk management processes into a single, streamlined system.
* **Enhanced Digital Experience**: The platform utilizes industry-standard APIs, facilitating easier reconciliation and a more digital experience for clearing members.

This partnership signifies BYMA’s commitment to aligning its operations with international best practices, transitioning towards a model where cash and securities settlement occur at the central securities depository after netting at the clearinghouse. This approach centralizes liquidity and optimizes collateral management for members.

“This is a pivotal moment for BYMA,” said Ernesto Allaria, BYMA Chairman. “We are pioneering a new era in our market, integrating the entire trading lifecycle with a system that meets global standards. Our goal is to empower market participants with cutting-edge technology to enhance their operations and drive growth within the Argentinian market.”

Nasdaq, a global leader in financial technology, expressed its commitment to supporting BYMA’s modernization efforts. Magnus Haglind, Senior Vice President, Marketplace Technology at Nasdaq, stated, “This collaboration marks another significant step in the development of the Argentinian market. By leveraging our technology, BYMA gains the tools necessary to navigate industry reforms, meet regulatory demands, and capitalize on emerging opportunities in a dynamic market landscape.”

BYMA’s investment in Nasdaq’s technology reaffirms its dedication to driving innovation, ensuring the resilience and scalability of its markets to accommodate continued growth. This partnership, coupled with the recent launch of its new platform by the Central Securities Depository, positions BYMA to navigate the complexities of the global marketplace and contribute to the growth of Argentina’s financial infrastructure.

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