Electronic Open Market (MAE) and Matba Rofex They agreed to start a process of merger, with the aim of consolidating its leadership in the field of securities, foreign exchange and derivatives markets, both places reported in a statement.
This “historical integration” will give rise to a new Continuing Company”more solid, efficient and diversified, with equal shareholding of 50% for each of the parties,” they stressed.
The integration project between MAE and Matba Rofex is the “result of a shared vision, aimed at maximizing the strengths of both institutions and offering a competitive and efficient market.”
In line with international trends, they say that “It is necessary to consolidate the sector in search of synergies, improve technology, increase liquidity and depth of operations and simplify settlement processes.”
The merger of MAE and Matba Rofex “is a milestone that marks the beginning of a New era in the local capital market“where the growing needs for more and better financial services from the private sector will require more competition and economic freedom,” they said.
Both markets highlighted that “This merger will strengthen the financial infrastructure, increase the number of users who access Matba Rofex investment and hedging instruments, and guarantee free price formation to boost Argentina’s economic growth in this new and challenging stage.”
It is worth noting that the merger It is still subject to compliance with legal requirements and the corresponding corporate and regulatory approvals.
The benefits of this merger for MAE and Matba Rofex
In a statement, both markets detailed the benefits that will be achieved by sealing their merger:
Financial Integration: It will allow the operation of currency derivatives, fixed income, agricultural products and other commodities to be linked to the cash trading of these underlying assets, providing a broad platform that connects the different products and sectors to provide financial services.
Technological innovation: The combination of efforts in technological research and development will accelerate innovation and offer cutting-edge solutions to all capital market participants.
Transparency and Pricing: The merged entity will continue to ensure integrity and transparency in price formation, a fundamental pillar for market confidence and stability.
Federal Scope: The resulting entity will have a strengthened federal presence, which will allow it to offer a greater variety of financial services to the banking, stock market and grain sectors throughout Argentina.
Consolidation of Expertise: The accumulated knowledge and skills of both organizations will be integrated, strengthening the competence of the Continuing Company’s management team. This process will result in a more complete and specialized service offering, benefiting our clients with higher quality and broader-reaching solutions.
Operational Synergy: The combination of operations will allow for the optimization of resources and processes, improving efficiency and reducing operating costs.
MAE and Matba Rofex
Matba Rofexborn from the merger of two entities with more than a century of experience, was Pioneer in the operation of futures and options of financial and agricultural products in the regionoffering advanced pricing hedging tools and developing cutting-edge technology for the full cycle of market interaction.
For its part, the MAEsince its inception in 1989, has positioned itself as the Argentina’s largest wholesale trading venue for securities and foreign currency, with a wide range of financial instruments including fixed income, variable income, currencies, interest rates, repo and derivatives.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
