Argentina’s
Rapidly accelerated launch timetable secures the platform’s ability to meet significant increase in volumes
The launch is the culmination of a multi-year, major change program, which began with
In line with many countries around the world, Argentina’s capital market has been subject to periods of substantial increases in volumes which has placed additional strain on the sector’s technology infrastructure. Growth in the market had resulted in
The new platform significantly enhances the resilience, capacity, and speed of the CSD, capable of processing more than 1,000 settlements per second, more than 300 times faster than the previous system. Its scalable architecture will ensure the platform is able to continue serving the Argentine market as it continues to grow.
The company has experienced daily average transactions of 700k, with peaks of 865k. This represents an increase of 49% of the monthly average compared to the period prior to the launch of the new system, due to higher business volumes generated by the
He added: “Like many countries around the world, Argentina’s capital market has been subject to periods of substantial increases in transaction volumes, which has put pressure on its own technological infrastructure. At BYMA we have prepared for this scenario with a new custody system which responds to the needs of our market."
The technology offers standardized protocols to seamlessly connect to both third party and in-house trading and clearing solutions and will benefit from regular upgrades to ensure it remains at the forefront of international standards and best practice. It will significantly reduce the time-to-market for new asset classes, event types and services, and incorporates bespoke connections for existing services. Non-standard instruments – an Argentinian specific asset class – continues to be served on the old system, with
Nasdaq’s Marketplace Technology business serves as one of the world's largest market infrastructure technology providers, providing multi-asset solutions to more than 130 marketplaces, CCPs, CSDs and regulators in over 50 countries. It offers reliable and scalable technology across the trade lifecycle, helping organizations to drive efficiency, transparency, and liquidity with unparalleled resiliency.
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