The shareholders of both entities decided this Wednesday, in pursuit of the modernization and competitiveness of the local capital market.
The shareholders of Mercado Abierto Electrónico (MAE) and Matba Rofex approved this Wednesday the merger of both entities, consolidating an integration process that will give rise to A3an Argentine market with regional reach. The new entity is expected to begin operations in the first months of 2025.
From both entities they assured that A3 will offer a comprehensive product menucovering agricultural and financial products in both cash and futures and options trading, registration of bilateral and OTC (over-the-counter) operations.
“This merger represents a fundamental advance in the modernization and competitiveness of the local capital marketwith a structure designed to guarantee transparency and adaptability to the current demands of the country, without neglecting and growing in the benefits offered at the regional level. In this sense, the technology business unit that covers software provision in several Latin American countries with a preponderance in Mexico, is considered a key strategic differential both for its diversification effect and synergy with the market business,” they highlighted.
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He strengthening financial infrastructurethe increased user engagement and the promotion of an environment of competition and development that connects people even more with the markets are some of the values that A3 will have as pillars.
As for the authorities, Robert Olson (current president of MAE) will assume the presidency, with Andres Ponte (head of Matba Rofex) as vice president, accompanied by a management team that includes prominent figures from both organizations.
“With this approval, we consolidate our strengths in pursuit of a robust and forward-thinking market. A3 will offer innovative and quality solutions for the Argentine capital market, enhancing liquidity and simplifying negotiation and settlement processes“Olson said.
For his part, Ponte highlighted that “the consolidation of the Argentine capital market is a long-pursued dream” and that “this integration brings us closer to that objective, allowing us to combine the best of both entities to offer cutting-edge technology and unprecedented efficiency”.
Source: Ambito
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