Mercado a Termino de Buenos Aires
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| Mercado a Termino de Buenos Aires (MATba) | |
| Founded | 1907 |
|---|---|
| Headquarters | Buenos Aires, Argentina |
| Products | Open outcry exchange |
| Web site | www.matba.com.ar |
Mercado a Termino de Buenos Aires (MATba) registers and guarantees futures and options transactions. It neither trades nor participates in price setting. The exchange boasts that transactions are performed in an open outcry pit with complete transparency.
MATba also receives, processes and publishes local and international information about different variables that influence commodities prices.[1]
Contents |
History
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Between 1905 and 1909, Argentina became the top world producer and exporter of linseed and the top exporter of corn. Its leadership in these commodities remained unchallenged for several decades. During the following five-year period, Argentina became the second world grain exporter after Russia, positioning itself ahead of traditional exporters such as the United States and Canada. By that time, the pampas were already renowned as "the granary of the world."
A large capital investment boosted the natural conditions of the humid pampas. The expansion of the railroad network allowed producers to increase the cultivated area and expedite transportation from distant regions to the port of Buenos Aires, while improvements in loading and shipment accelerated trade flows. The labor needed for Argentina's agricultural expansion and overall economic growth was provided by subsequent waves of European immigration that continued to arrive until the 1930s.
In May of 2005 the Chicago Board of Trade (CBOT) signed a memorandum of understanding (MOU) with Mercado a Termino de Buenos Aires (MATba), a leading commodity exchange in Argentina. This agreement was created to explore opportunities for extending the global reach of both exchanges.[2]
Products and Services
Key People
References
- ↑ About MATba. MATba. Retrieved on October 24, 2008.
- ↑ CBOT Partners With Argentina Exchange. Brownfield Network. Retrieved on December 11, 2008.
