Securities trading - Argentina
Key market-tradable securities
| Denomination currency | Maturity 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.