Argentina’s leading Stock Exchange adopted technology from the world’s leading cloud infrastructure company to consolidate the underlying IT platform for the Argentine Capital Market.
Argentine Stock Exchanges and Markets (BYMA) announced to Amazon Web Services (AWS), world-leading cloud infrastructure company, as an ally to accelerate its technological evolution and consolidate the basic IT platform for the Argentine Capital Market.
BYMA has been working together with Amazon Web Services for months, with the aim of strengthening key axes of the IT infrastructure of the Stock Exchange, in line with the standards of the most evolved markets in the world, including:
- Availability to enhance the operation of BYMA platforms and services and make them increasingly accessible, sustaining and improving their performance.
- Ability to more agilely increase BYMA’s technological and process capabilities, applying efficiency to reduce costs and accelerate time to delivery.
- Scalabilitythrough the incorporation of Cloud and on-premise services, which will achieve the necessary elasticity to accompany the growth in all BYMA services.
- Consolidation of the data strategy to promote decision-making based on accurate and timely data, enhancing operational efficiency and discovering new business opportunities.
- Securityaligning itself with the highest information security standards that govern the world’s markets in terms of authentication and access control, data governance and protection, recovery, traceability and threat treatment.
- Innovationwith the incorporation of platforms, systems and solutions to promote BYMA’s leadership, and at the same time to put it at the service of the technological development of market participants.
“Working with AWS allows us to enhance BYMA’s technological platform to consolidate our scale solutions that promote the economic development of Argentina. The growth of the Capital Market has been increasing its speed significantly. Taking into account FCI, today there are more than 15.5 million active client accounts in Caja de Valores. “At BYMA we partner with world leaders to accelerate our evolution process in order to guarantee in Argentina the platforms, systems and capacity so that participants can transform savings into investments and/or financing,” he expressed. Gonzalo Pascual Merlo, CEO of BYMA.
Permanent innovation through strategic relationships with global leaders such as AWS is a strategic objective of BYMA, with the aim of promoting the development of the Argentine Capital Market.
“This alliance allows us to further accelerate our transformation and optimize our operations. “It marks a key milestone in technological evolution not only by improving the capacity, scalability and flexibility of our systems, but also because we can innovate more quickly, offering more efficient solutions for our customers,” he added. Maximiliano Ignaciuk, CIO of BYMA.
A path of technological evolution
This step is part of the evolution path that BYMA has been carrying out for years with concrete actions. Recently, BYMA signed other agreements with international leaders, ensuring that the complete cycle of operations in the Argentine market is carried out with world-class technology.
Source: Ambito
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