From this Monday, July 28, the local stock market will have a new time strip of operations. It will go from 10.30 to 17.00. The goal is to synchronize with Wall Street.
As of next Monday, July 28, the local market It will advance its opening schedule to synchronize with Wall Street. According to Byma, the wheel will start at 10:30 (half an hour before so far) and the closing schedule will remain at 5:00 p.m. The adjustment seeks to align the local operation with the international markets and facilitate arbitration between assets.
The measure will apply to all negotiation segments: Count, options, deadlines, loans, bond and futures on negotiable values and indexesaccording to the entity a few days ago in an official statement.
Until Friday, July 25, the local market opened at 11 am. For immediate cash operations and 24 hours, closing at 4:30 p.m. and 5:00 p.m. respectively. With the new disposition, the beginning is advanced and the closures are unified at 5:00 p.m., aligning the full day with that of New York (from 10:30 to 17, Argentine time).
From Byma they pointed out that this update points to “Take advantage of global dynamism” and “capture key opportunities since the beginning of the day”in a context where integration with international markets is increasingly relevant to local investors.
“As the local market is normalized, external movements begin to be reflected with more clear feel more intense “, Isabel Botta, product manager of Balanz
The new scheme represents an important change for operators, brokers and institutional investors, since it allows Align strategies with early Wall Street movementsespecially in a scenario where the flow of news and monetary policy decisions in the US have high impact on Argentine assets.
Source: Ambito
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