Trading was once again dominated by the
bourse’s hugely successful dollar index futures,
an index contract launched in 2002 following the Argentine
fiscal crisis, which tracks the exchange rate between the US
dollar and the Argentine peso. Some 5.7m of the contracts were
traded last month, up from 5.5m over the same period last
Trading in options on the index continued their slide,
however, with a mere 322 changing hands – down from
10,555 last June.
Trading in soybean derivatives accounted for most of the
remaining contracts, with 11,950 soybean index futures trading,
as well as 6,600 soybean futures and 1,300 options. Trading was
roughly on a par with last year’s figures.
However, 70 corn futures aside, none of the
bourse’s other financial or agricultural contracts
traded – including Brazilian real and euro index
A merger with the bourse’s Buenos Aires
neighbour Mercado a Término de Buenos Aires, which
enjoys far more liquid agri-commodity trading, has been mooted
recently, with the pair entering advanced talks in March.
Later that month, Rofex started conversations to merge with its
sister cash market, Mercado de Valores de Rosario, a move
designed to create synergies between the complementary products
offered on either bourse. The two already shared some brokers
and shareholders and both exchanges works under the Rosario
Board of Trade. The RBoT, a non for profit organization, is in
turn owned by its members, many of whom are the largest market
players on either bourse.
Tom Osborn +44 207 779 8361 email@example.com