What BYMA(Bolsas y Mercados Argentinos) does

BYMA (Bolsas y Mercados Argentinos S.A.) is Argentina's primary stock exchange and clearing house, authorized by the National Securities Commission (CNV) under registration No. 639. Formed in 2013 through the integration of Bolsa de Comercio de Buenos Aires (founded 1854) and Mercado a Término de Rosario, BYMA operates a vertically integrated market infrastructure that consolidates trading, clearing, settlement, custody, and pre/post-trade services on a single platform anchored by its Millennium electronic trading system. The company serves three core customer groups: listed companies raising capital through equity or debt issuances, retail and institutional investors trading Argentine and international securities, and authorized member agents (ALyC) executing trades and providing custody services.

The product surface spans variable income (stocks, CEDEARs), fixed income (government bonds, corporate bonds, negotiable obligations), derivatives (options, futures, including the Caución Index Rate futures contract), SME financing instruments, mutual funds, and ESG products such as a Sustainability Index, Corporate Governance Panel, Voluntary Carbon Market, and green/social bond panels. Technology platforms include OMS (Order Management System), ANIMA (direct market access trading platform), BYMADATA (real-time market data and analytics), BYMA APIs, and FIX Protocol connectivity. In 2026 BYMA launched BYMA Clearing (new settlement/risk platform), BYMA Renta Fija Internacional (international fixed income with Euroclear and DTC integration, technology supported by NASDAQ), and BYMA Digital Assets (PSAV-registered entity offering BYMA Token Registry for tokenized securities).

Revenue is generated through five streams: transaction and trading fees on equities, fixed income, CEDEARs, options, and futures; recurring listing and issuer services fees via the BYMA Primarias platform; subscription-based market data (BYMADATA, APIs, FIX Protocol); technology solutions licensed to market participants; and custody/settlement fees collected through wholly-owned subsidiary Caja de Valores S.A. (the central securities depository). Distribution combines enterprise direct sales to issuers with a network of ALyC member agents and self-serve channels (BYMA Digital, BYMAEDUCA, BYMALAB) targeting retail and SMB users.

Name

BYMA(Bolsas y Mercados Argentinos)

Legal name

Bolsas y Mercados Argentinos S.A.

Website

https://byma.com.ar

Company type

Public

Founded year

2013

Operating status

Operating

Headcount range

101–250 employees

Short description

BYMA is Argentina's sole CNV-authorized stock exchange and clearing house, operating a vertically integrated platform for trading, clearing, settlement, custody, and market data serving listed companies, member brokers, and retail/institutional investors.

Ownership category

akta.pro rank

Product category

Securities Exchange

NAICS

Securities and Commodity Exchanges (523210), Securities and Commodity Exchanges (52321), Securities and Commodity Exchanges (5232), Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Multi-Asset Alternative Trading Systems (ATS) / Multilateral Trading Facilities (MTF) (FSAFAEAC)

akta.pro secondary industry

Electronic/Direct Market Access (DMA) & Sponsored Access (FSACAFAI)

Keywords

• Equity trading
• Fixed income securities
• Clearing and settlement
• Market data services
• Capital markets infrastructure

Headquarters

HQ city

Buenos Aires

HQ country

Argentina

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Transaction and Trading Fees: Fees collected from trading operations executed through member agents on the exchange, including equities, fixed income, CEDEARs, options, and futures
2. Listing and Issuer Services: Fees from listing companies, maintaining listings, and providing services to listed companies through BYMA Primarias platform
3. Market Data Services: Revenue from providing real-time and delayed market data through BYMADATA platform, APIs, and FIX protocol connections
4. Technology Solutions: Revenue from providing technological platforms (OMS, ANIMA, BYMA Clearing) and services to market participants
5. Custody and Settlement Services: Services through Caja de Valores for custody, deposit, registration, and settlement of securities

Go-to-market motion2 records

Distribution channels6 records

Marketing channels7 records

Core offering

BYMA operates Argentina's primary stock exchange and clearing house, providing vertically integrated financial market infrastructure that spans electronic trading, clearing and settlement, securities custody, and market data distribution. It enables listed companies to raise capital through equities, fixed income, and derivatives while offering member agents and investors electronic access to Argentine and international securities via the Millennium trading system and BYMADATA platforms.

Product overview

BYMA (Bolsas y Mercados Argentinos) is Argentina's primary stock exchange and clearing house operating as a vertically integrated financial market infrastructure. The company offers a comprehensive platform architecture consisting of: (1) Financial Products covering variable income (stocks, CEDEARs), fixed income (government bonds, corporate bonds, negotiable obligations), derivatives (options, futures), and SME financing instruments; (2) Data Products including real-time market data, historical data analytics, APIs, FIX Protocol connectivity, and proprietary indices (Dollar Index, CCL Index); (3) Technology Solutions comprising BYMADATA (market data platform), OMS (order management system), ANIMA (trading platform), BYMA Clearing (settlement platform), BYMA APIs, and BYMA Digital; (4) Educational platforms including BYMALAB (simulation) and BYMAEDUCA (courses); (5) Digital Assets services with BYMA Token Registry for tokenized securities; and (6) ESG Products including sustainability indices, corporate governance panels, and voluntary carbon market. The ecosystem also includes BYMA Primarias for primary listings and various services for member brokers, issuers, and investors.

Differentiator

Problem solved

Functional benefit

Brands

• BYMADATA: Real-time market data platform offering financial information, daily market reports, and analytics for the Argentine capital market
• BYMA Digital Assets
• BYMAEDUCA
• BYMA Ventures
• BYMA Clearing
• OMS (Order Management System)
• ANIMA
• BYMALAB
• BYMA Primarias

Products and services

• Equities Trading (Acciones / Renta Variable)

Quantifiable outcome

• ADTV increased from 9,054.9 to 12,663 million USD in Q1 2026 (40% growth YoY)
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature8 records

Partnerships

Eight partnerships are on record, tiered core and flagship.

• EuroclearcoreTechnology or Integration · 3 June 2026International central securities depository partner enabling BYMA Renta Fija Internacional for centralized custody of international fixed income operations within the Argentine ecosystem.
• DTC (Depository Trust Company)coreTechnology or Integration · 3 June 2026International depository partner for BYMA Renta Fija Internacional, integrating global custody standards for international fixed income settlement through Caja de Valores.
• Toronto Stock Exchange (TSX) & TSX Venture Exchange (TSXV)flagshipStrategic or Co-development Partner · 4 March 2026Co-founding partnership in The Andean Bridge initiative at PDAC 2026, designed to connect mining projects across the Andean region with local and international capital markets. The initiative combines investment summits, training programs, and an accelerator to reduce financing barriers for mining projects.
• Mendoza Stock ExchangecoreStrategic or Co-development Partner · 4 March 2026Co-founder of The Andean Bridge initiative alongside BYMA, TSX, and Government of Mendoza, focusing on connecting Andean mining projects with capital markets through a structured pathway from project preparation to capital access.
• Government of MendozacoreStrategic or Co-development Partner · 4 March 2026Government partner in The Andean Bridge initiative, contributing to the coordination between regional mining projects and international capital markets through policy support and regional coordination.
• IN-VRcoreStrategic or Co-development Partner · 4 March 2026Co-founder of The Andean Bridge initiative, serving as the organizing entity coordinating the mining investment platform across the Andean region with investment summits and accelerator programs.
• KPMGcoreImplementation/ SI/ Consulting Partner · 1 January 2024External firm managing BYMA's Ethics Line, ensuring confidentiality and anonymity of complaints. KPMG collaborates with the Integrity Program Manager and Audit and Ethics Committee to investigate reported issues and apply necessary sanctions.
• Quantex LLCcoreStrategic or Co-development PartnerArgentine fintech acquired by BYMA (70% stake) on June 3, 2026. Specialized in wholesale fixed income trading platform development, providing the technological foundation for BYMA Renta Fija Internacional international fixed income capabilities.

Scale indicators8 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• CBOE Global Markets: CBOE operates multiple global exchanges across options, equities, and futures, plus market data services. Comparable as an exchange operator with a strong data-revenue franchise similar to BYMA's BYMADATA offering.
• TMX Group (Toronto Stock Exchange): TMX operates the Toronto Stock Exchange, TSX Venture, and Montreal Exchange, providing a multi-asset trading and clearing platform. It is a broader incumbent peer that is also a direct strategic partner to BYMA via The Andean Bridge initiative.
• Deutsche Börse AG: Deutsche Börse operates the Frankfurt Stock Exchange, Eurex derivatives, and Clearstream settlement/custody, representing a global benchmark for vertically integrated exchange infrastructure. Comparable as a model for BYMA's integrated trading/clearing/custody aspirations and international expansion.
• Hong Kong Exchanges and Clearing (HKEX): HKEX operates one of the world's leading integrated exchange and clearing groups across cash equities, derivatives, commodities, and post-trade services. Comparable as a global benchmark for integrated market infrastructure and international connectivity (CEDEARs analog to Stock Connect).
• Nasdaq Inc. Nasdaq operates a major global exchange, clearing, and market technology franchise, and is already a direct technology partner to BYMA for Renta Fija Internacional. Comparable as both a peer and an infrastructure provider whose trading and clearing technology stack is relevant to BYMA's evolution.

Direct peers

• B3 (Brasil, Bolsa, Balcão): B3 operates Brazil's primary integrated exchange, clearing house, and central securities depository across equities, fixed income, derivatives, and FX. It is the closest direct peer to BYMA given the shared LATAM emerging-market context and vertically integrated exchange + clearing + custody model.
• Bolsa Mexicana de Valores (BMV): BMV is Mexico's primary stock exchange operating equities, debt, and derivatives trading with an integrated central counterparty (CCV) and central securities depository. It is a structurally comparable LATAM emerging-market exchange with similar regulatory and product breadth to BYMA.

Regional players

• Bolsa de Comercio de Santiago: Chile's primary stock exchange operating equities, fixed income, and derivatives trading with associated central securities depository services. It is a regional peer serving a comparable LATAM emerging-market economy but does not directly compete in Argentina.
• Bolsa de Valores de Colombia (BVC): BVC operates Colombia's principal stock exchange, fixed income platform, and derivatives exchange. It is a comparable regional LATAM emerging-market exchange with a similar integrated trading and depository role but serving a different national market.
• Johannesburg Stock Exchange (JSE): The JSE is South Africa's primary exchange operator across equities, bonds, derivatives, and commodities with a fully integrated clearing and settlement platform. Comparable as an emerging-market incumbent running a multi-asset, vertically integrated exchange model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/BYMAOficial
• YouTubeyoutube.com/c/BolsasyMercadosArgentinosSABYMA
• LinkedInlinkedin.com/company/byma-bolsas-y-mercados-argentinos-s.a
• Instagraminstagram.com/bymaoficial

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BYMA(Bolsas y Mercados Argentinos)