Reported about 1 year ago
Argentine's Mercado Abierto Electronico and Matba-Rofex have agreed to merge into a single exchange, creating the country's largest futures and foreign exchange market. The merger will include agricultural transactions, peso futures against dollars, and trading on bonds. This move comes as Argentina's market volume has been affected by capital controls, and the new exchange is expected to be valued at $500 million with equal ownership by the merging companies.
Source: YAHOO