Buenos Aires Stock Exchange – What it is, definition and concept

The Buenos Aires Stock Exchange, whose full name is the Buenos Aires Stock Exchange, is the main stock exchange in the Argentine Republic. Thus, it is the first financial center of the country.

In other words, the Buenos Aires Stock Exchange is the most important Argentine entity where financial assets are bought and sold. In this market, securities such as shares, bonds, currencies and futures contracts are traded.

It should be noted that this bag is a private institution. More specifically, it is a non-profit civil association, as stated on its own website.

An additional fact to take into account is that this stock exchange is part of the World Federation of Exchanges (WFE) and the Ibero-American Federation of Stock Exchanges (FIAB).

In addition, this exchange is under the supervision of the National Securities Commission of the country.

Indicators and figures

The indices of the Buenos Aires Stock Exchange are the Merval, the General Index of the Stock Exchange, the MAR, the Indol and the wholesale Indol.

At the time of writing this article, 359.2 billion Argentine pesos were being traded on this market (source: Bolsar.info), which is approximately 3.35 billion US dollars.

History of the Buenos Aires Stock Exchange

The Buenos Aires Stock Exchange was founded on July 10, 1854. Its first headquarters was a building that belonged to the family of José de San Martín.

Then, in 1862, they moved to their own building, close to the previous one, and where the “Héctor Carlos Janson” Historical and Numismatic Museum currently operates, owned by the Central Bank of the Argentine Republic.

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Later, in 1885 they inaugurated another larger building where they moved, in front of the Casa Rosada. This was demolished in the 1940s to build the current Banco de la Nación Argentina building.

Later, in 1916 they inaugurated a new building, also near the Casa Rosada, designed by the architect Alejandro Christophersen. Finally, to expand the facilities, the project of the Mario Roberto Álvarez y Asociados studio was chosen in 1971 for the construction of an adjoining headquarters that was completed in 1977.

Another relevant fact is that on July 23, 2013, through Law No. 26,831 on Capital Markets, the creation of a new market called “Bolsas y Mercados Argentinos SA” (BYMA) was approved. This was determined by the Extraordinary Shareholders’ Meeting of the then Buenos Aires Stock Market (Merval) and through the spin-off of Merval and the capital contribution of the Buenos Aires Stock Exchange.

Structure

The Buenos Aires Stock Exchange is made up of a maximum body called the Honorable Council (the board of directors). It is made up of 74 members. Of these, 48 are elected for being representatives of different economic sectors. Likewise, the other 26 are representatives of entities attached to the stock market.

Every year, 16 of the elected members are renewed. This, through a direct suffrage where the partners of the bag participate.

Likewise, the appointment of the directors that will make up the Board of Directors of the institution is the responsibility of the Honorable Council, which, according to the institutional portal at the time of writing this article, has 15 members.

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Another important body that is part of the Buenos Aires Stock Exchange is the Securities Commission. This is a collegiate body made up of academics and representatives of the Argentine capital market. Their pronouncement is taken into account by the authorities when authorizing the issuance of negotiable securities, creating new financial instruments, among others.

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