To contribute to the integration of the capital market, Bolsas y Mercados Argentinos (ByMA) and Mercado Abierto Electrónico (MAE) signed an agreement for the settlement of primary placements between both markets.
In this way, transactions carried out in ByMA and MAE will be cross-correlated and direct without the need for third-party intervention, which will speed up the settlements.
Additionally, the agreement will include two other services, both markets affirmed:
* Cross-trade compensation will allow those operations that an agent registers in both markets with the same species and of opposite sign to be directly compensated.
* It will also enable the markets to carry out securities lending transactions with each other, in order to cover transitory defects in securities in the guaranteed segment where the operation was carried out.
“Thus, the agreement will provide greater fluidity and security, and will encourage a decrease in transactional settlement and funding costs of operations that are registered in both markets,” they said.