Argentina’s biggest foreign exchange, futures markets agree to merge

[Finance Prof]

It sounds like big things are coming ahead for Argentina.

Argentina’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.

Argentina’s biggest foreign exchange, futures markets agree to merge

Mercado Abierto Electronico and Matba-Rofex have reportedly agreed to merge into a single exchange, creating Argentina’s largest futures and foreign-exchange market.

batimes.com.ar

 

[Larry]

Usually mergers are a good thing but maybe they think that competing will be tougher during recession and one might go out of business so it's better they merge together and become stronger. I think you will see a lot more mergers with other companies.