Argentina Exchanges Look Toward Merger After Trading Plummets

Argentina’s financial exchanges are in the early stages of merger talks as the country’s economic crisis saps trading volume in a fragmented market.

Bolsas y Mercados Argentinos SA, the nation’s largest trading platform, is leading the incipient effort to combine forces with its three closest rivals, Matba-Rofex SA, Mercado Abierto Electronico SA and Mercado Argentino de Valores SA. Discussions have begun about working together to ensure survival, BYMA President Ernesto Allaria said in an interview.

The move signals a drastic change in the relationships among the four operators, which had been in fierce competition to dominate different segments of the ...