Mercado a Termino de Buenos Aires - MATBA - is the

Buenos Aires Buenos Aires ( or ; ), officially the Autonomous City of Buenos Aires ( es, link=no, Ciudad Autónoma de Buenos Aires), is the Capital city, capital and primate city of Argentina. The city is located on the western shore of the Río de la Plata ...

Futures and Options Exchange.

History

MATba was founded in 1907. It was the first market to be established in

Latin America Latin America or * french: Amérique Latine, link=no * ht, Amerik Latin, link=no * pt, América Latina, link=no, name=a, sometimes referred to as LatAm is a large cultural region in the Americas where Romance languages — languages derived ...

. In its early history, it traded

futures contract In finance, a futures contract (sometimes called a futures) is a standardized legal contract to buy or sell something at a predetermined price for delivery at a specified time in the future, between parties not yet known to each other. The asset ...

s on agricultural commodities and rapidly became one of the main grain markets in the world. In the 1920s, MATba's flaxseed price was the setting price for the flaxseed business worldwide. During the following decades, Argentina's economic measures led to a decline in the volume of transactions. In the 1990s, MATba got authorization to settle all transactions in US dollars and introduced options on futures contracts. In 1998, to better meet the needs of its members, MATba launched its electronic trading system, which has been upgraded several times, thus creating greater opportunities for the entire marketplace, and increased access to MATba products.

Products

MATba is the largest agricultural futures & options exchange in

South America South America is a continent entirely in the Western Hemisphere and mostly in the Southern Hemisphere, with a relatively small portion in the Northern Hemisphere at the northern tip of the continent. It can also be described as the souther ...

. It trades futures (contract size 100 metric tons) and options (American style). Traded products include

soybean The soybean, soy bean, or soya bean (''Glycine max'') is a species of legume native to East Asia, widely grown for its edible bean, which has numerous uses. Traditional unfermented food uses of soybeans include soy milk, from which tofu ...

wheat Wheat is a grass widely cultivated for its seed, a cereal grain that is a worldwide staple food. The many species of wheat together make up the genus ''Triticum'' ; the most widely grown is common wheat (''T. aestivum''). The archaeolog ...

corn Maize ( ; ''Zea mays'' subsp. ''mays'', from es, maíz after tnq, mahiz), also known as corn ( North American and Australian English), is a cereal grain first domesticated by indigenous peoples in southern Mexico about 10,000 years ago. ...

, sunflower,

sorghum ''Sorghum'' () is a genus of about 25 species of flowering plants in the grass family ( Poaceae). Some of these species are grown as cereals for human consumption and some in pastures for animals. One species is grown for grain, while many ot ...

barley Barley (''Hordeum vulgare''), a member of the grass family, is a major cereal grain grown in temperate climates globally. It was one of the first cultivated grains, particularly in Eurasia as early as 10,000 years ago. Globally 70% of barley ...

, soybean oil and ICA MATba (Argentine Commodities Index). The latter is an index that comprises the market value of a portfolio selected according to the product's market share of the total MATba transactions. In 2012 Chicago Soybeans and Chicago Corn were launched after MATba signed an agreement with the CME Group to list their contracts on agricultural commodities. In January 2017 MATba signed an agreement with ROFEX to interconnect their trading platforms so members of both exchanges could trade all the products listed at both Exchanges. Later that year, cattle and "mini" contracts on wheat, soybeans and corn were launched. In October 2018 MATba and Rofex started a merger process.

US Dollar quotation

Contracts traded at MATba are quoted and settled in US Dollars.

MATba Foundation

MATba also offers, on an ongoing basis, a number of educational and training programs through its Foundation. These cover a wide range of topics involving derivatives, strategies, fundamental and technical analysis, among other courses. MATba has strategic alliances with organizations, Exchanges, national and private universities to train and promote a better understanding of derivatives markets as an investment and hedge tool.

External links

* * Finance in Argentina Commodity exchanges 1907 establishments in Argentina Futures exchanges {{finance-stub