Operational Information

Securities trading - Argentina

Market Coverage | Argentina

Reference

Service level
CBL
Last Updated
27.03.2023

Key market-tradable securities

Denomination currencyMaturity
profile		Interest
rate		Interest/Dividend
payment frequency		Form
Government debt

ARS/USD

up to 16 years

variable

semi-annually/
quarterly/
monthly

dematerialised

Treasury bills

ARS/USD

from 30 to 720 days

at a discount

at maturity

dematerialised

Corporate bonds

ARS

varies

varies

semi-annually/
quarterly/
monthly

dematerialised

Equities

ARS

N/A

fixed/floating

annually

dematerialised

Note: Most securities held at CVSA are dematerialised (+/- 98%), some are held in physical form (but are not eligible in Clearstream).

Tradable platforms

BYMA

All securities listed on BYMA are tradable through the Millenium trading system.

Primary market transactions for equity usually take place in the form of an IPO or in the form of subscriptions.

For the secondary market, there are two trading sessions at BYMA:

  • The Concurrent market, where trades are traded electronically through Millenium or through an
    open outcry;
  • The Continuous Trading Session, where trades are executed bilaterally between brokers and then input in the SIB, the Market Information System.