The Buenos Aires Stock Exchange (BCBA) was founded on July 10, 1854 and it was established by businessmen as well as brokers. Initially, the BCBA traded in ounces of gold for mortgage bonds and shares in Banco Nacional.
Throughout the 1990s, the BCBA became the leading institution in Argentina that enabled all investors to own an equity interest in the big utility companies that were admitted to listing after being privatized. In 2000, the institution bailed out the country with the rescheduling of its public and private debt.
Currently, the BCBA is a non-profit entity that has thousands of exchange members who, by paying a fee, have access to all exchange facilities.
The history of the Mercado de Valores de Buenos Aires (Merval) began in 1929 with the creation of the Mercado de Títulos y Cambios (Securities and Exchange Market) by a group of stockbrokers, members of the Bolsa de Comercio de Buenos Aires (Buenos Aires Stock Exchange), for the purpose of providing greater security in stock exchange transactions. On January 16th, 1950, the Mercado de Títulos y Cambios started to conduct business as the Mercado de Valores de Buenos Aires (Merval).
The history of the Argentine Stock Exchange (Mervaros) goes back to the founding of the Bolsa de Comercio de Rosario on August 18, 1884. These members of the Bolsa de Comercio de Rosario created the Mercado de Valores de Rosario S.A. (Rosario Stock Exchange) on November 22, 1927 to achieve “settling contracts and guaranteeing cash/forward purchase and sale transactions in government, provincial, municipal bonds, shares issued by corporations, securities of any kind whatsoever, and/or bills of exchange” (Memorandum of Association– 11/22/1927).
After its formation, with 244 founding members, the first trading session was conducted on June 1, 1928, with 44 brokers. In 1940, it was renamed as the Mercado de Títulos y Cambios de la Bolsa de Comercio del Rosario S.A. and in May 1955, it changed its name once again, to its current Mercado de Valores de Rosario S.A.
The Mercado a Término de Buenos Aires (MATba) was established in October 1907 as the Buenos Aires Grains Association. It adopted its current name in 1991.
The MATba was the first futures market to be established in Latin America and the first one in the Americas to guarantee transactions. It is the most active market for agricultural commodities (open interest and volume), soybean and sorghum, in Latin America.
The Mercado Abierto Electrónico S.A. (MAE) began operations in 1989 as a result of Resolution 121, which was implemented in 1988. It stated that all brokers-dealers operating in the Argentine market should be interconnected through an electronic system to carry out their transactions. This network is composed of, among others, private banks with domestic capital, foreign banks, national banks, provincial banks, municipal banks, cooperative banks, financial companies, exchange offices and individual brokers.
The Rosario Futures Exchange (ROFEX) was founded on November 19, 1909 as the Mercado General de Productos Nacionales (General Exchange of National Commodities). It traded large volumes of linen and wheat during its first two decades.
The ROFEX has traditionally been a futures exchange for commodities and, in more recent times, for financial products such as exchange rate and interest rate options. Its negotiated volume makes ROFEX the largest futures market in the country.
Founded in 1981, the Bahía Blanca Grain Exchange, is a non-profit civil association, whose main objective is the provision of services to the commercialization of grains.
In 1984, it was authorized to operate as a Physical Market of Operations, being the third exchange in the country to obtain authorization, after the Rosario Stock Exchange and the Buenos Aires Grain Exchange.
The Buenos Aires Grain Exchange was founded in May 1854.