The second broker that had more relevance in equities was SBS Trading SA., which represented a 13.4% of the total.
Third place was taken by Buenos Aires Securities SA., who had a 9.4% of the volume in its entirety.
The top ten they completed it TPCG Valores SA (7.8%), Balanz Capital Valores SAU(5.9%), AR Partners (3.8%), PP Inversiones SA (3.2%), Inversión Online SAU(3%), BTG PACTUAL ARGENTINA SAU (2.2%) and Max Capital SA (2.2%). Together they accounted for 60% of the global volume.
It should be noted, the Cedear are papers that allow to follow from the local stock market and in pesos the valuations of companies that do not operate in Argentina. Some of the most popular titles are Apple, Amazon, Google, Mercado Libre, Globant, Barrick Gold, among other. However, the papers that stood out the most in August due to their returns were clutch (a Brazilian company that continued to show solid fundamentals), and followed him View Oil & Gas (a firm in the energy sector that maintained its popularity in the local market due to the great growth it has achieved in recent years).
Although the Cedears have been in operation since 2001, these used to be papers for a very small and sophisticated portion of investors, they are currently one of the most chosen ways by Argentines to access foreign companies. Part of this was due to the fact that ByMA has incorporated new Cedears this year, among which the ETFs stand out (those that represent market indices) that offer possibilities to diversify in a simple way. In addition, the stock market institution has recently incorporated the benefit of “Day trading”, which benefits investors who carry out different transactions on the same day on the same paper by charging them lower commissions.
Source: Ambito
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