Tuesday April 10 2018
News Source: Global Exchanges
Focus: Derivative Market Segment
Type: General
Country: International
Link: http://www.bmfbovespa.com.br/en_us/news/b3-and-byma-enter-into-groundbreaking-agreement.htm
On 9th April 2018, Brasil Bolsa Balcão S.A. (B3) and Bolsas y Mercados Argentinos (BYMA) signed a joint agreement for B3 to provide technology services to BYMA. Through this agreement, Argentina’s leading stock exchange will enter the derivatives markets using B3’s consolidated PUMA Trading System platform. This agreement will become effective once it receives authorisation from Argentinean and Brazilian regulators.
This partnership model is unheard of in Latin America and if authorised will be the first of its kind in the Continent. The partnership between B3 and BYMA will allow BYMA to develop derivatives trades into a platform of excellence in line with BYMA’s commitment to incorporate internationally recognized technologies.
For additional information please click the link above