MATBA-ROFEX

MATBA-ROFEX

Unlisted Corporation

Andrés Ponte - Chairman

Andrés Ponte - Chairman

Authorities

Chairman
Andrés E. Ponte

Vicechairman
Marcos A. Hermansson

Board of Directors
Secretary
Francisco Fernández Candia

Treasurer
Luis A. Herrera

Board Members
Ignacio M. Bosch
Marcelo J. Rossi
Alfredo R. Conde
Juan Fabricio Silvestri
Ricardo D. Marra
Sebastián M. Bravo
Gustavo C. Cortona
Leandro Salvatierra

General Manager or CEO
Diego G. Fernández

Paraguay 777, Piso 15
(2000) Rosario, Santa Fe, Argentina

Phone: 54 (341) 530-2900
www.matbarofex.com.ar

Main products and markets

Matba Rofex lists futures and options on:

  • Currencies
  • Commodities: Agricultural, gold and WTI
  • Stock index and SSF
  • Bonds and interest rates

Main shareholders

Shareholder Share
Bolsa de Comercio de Rosario 37.1%

Operators and brokerage firms

matbarofex.com.ar/agentes.php

Trading hours

Market/products
Schedule
MTR Currency   
10:00 to 15:00
MTR Agro            
11:30 a 17:30
MTR Others            
10:00 to 17:00

Market data

(Additional information at www.fiabnet.org)
 

Brief history

 » MATBA-ROFEX

Matba Rofex, Argentina´s Futures and Options Exchange, started operations on August 1st , 2019 as a result of the merger of two centenary exchanges: MATba and ROFEX. The group is formed by the Exchange, Argentina Clearing, Matba Alyc, Ufex (an Exchange in Uruguay), MATba Foundation and two IT companies: Primary and Esco. Matba Rofex has a strong technological imprint, with proprietary trading, backoffice and risk management platforms that are and fully open to enable the connection with the fintech ecosystem.

Organization chart

Organization chart

Clearing, settlement and depositary services

ROFEX has a separate Clearing House, known as Argentina Clearing S.A. (ACSA). Both ROFEX and ACSA are self-regulatory organizations which are under the supervision of the National Securities Commission (CNV), and they have funds settlement (MEP) accounts and securities settlement (CRyL) accounts with the Central Bank of Argentina (BCRA).

All the transactions executed on ROFEX futures exchange have central counterparty (CCP) assurance, since ACSA legally becomes buyer to every seller, and seller to every buyer, thus eliminating the bilateral nature of trading obligations.

In turn, for purposes of guaranteeing performance of executed transactions, ROFEX has established a mechanism for margin management and daily settlement (mark-to-market), whereby in case any participant fails to perform his settlement obligations, transactions executed on the futures market shall be cancelled and the relevant margins shall be settled immediately.

Central counterparty - CCP

Argentina Clearing S.A. (ACSA) is a self-regulatory organization, pursuant to Securities Public Offering Act 17811, and Executive Order 677/2001, under CNV supervision and authorized by the Commission to operate under Resolution 10278 issued on October 14, 1993. This clearing house was created in 1999 as a ROFEX spin-off for purposes of registering, clearing and settling transactions made on such futures exchange.

In order to comply with its mark-to-market system, ACSA implemented a special guarantee fund constituted by the Rosario Stock Exchange. A guarantee trust was set up with contributions made by all clearing members, thus forming a single trust fund which shall respond in case of failure to settle trades by any such member.

Likewise, creating guarantees integrated into the guarantee trust fund by clearing members for third-party transactions, as well as for obligations pertaining to each clearing member. The guarantee fund consists of initial guarantees, required margins, and surplus funds.

For purposes of strengthening legal certainty of the Clearing House, guarantee trusts were organized in order to protect funds contributed by all market participants, as safe assurance for trades registered with Argentina Clearing S.A.

Member of the following organizations

  • FIA – Futures Industry Association
  • AFM – Association of Futures Markets
  • FIAB – Federación Iberoamericana de Bolsas
  • WFE – World Federation of Echanges
  • CMC – Commodities Markets Council

Agreements with other Exchanges

  • License agreement on the use of settlement prices for commodities (soybean) and crude oil (petroleum) with CME - 12/19/11
  • Trading Interconection Agreement with Mercado de Valores de Buenos Aires – 27/04/2014
  • Trading Interconection Agreement with Mercado Argentino de Valores – 11/02/2015

Edited by FIAB Secretariat. The information referred to member exchanges and markets compiled in this Handbook has been provided to FIAB by these entities and is updated up to May of 2019. Every effort has been made to ensure that the information in this edition is accurate at the time of its publication. FIAB Secretariat cannot accept responsibility for errors or omissions.