Our history

ROFEX was founded in 1909 (registration with the Corporation Control Authority (IGPJ) under N° 226) as "Mercado General de Productos Nacionales del Rosario de Santa Fe S.A." and was later renamed "Mercado a Término de Rosario S.A".

In 1993, the National Securities Commission (CNV) issued General Resolution N° 10278 by means of which the Mercado a Término de Rosario S.A. was considered a self-regulatory organization.

ROFEX, Rosario Futures Exchange, is the trade name that distinguishes the Market. (Trademark registered as from 12/02/98, at the I.N.P.I. (National Industrial Property Institute) under classes 35 and 36).

The company was created in response to the need to guarantee trades in futures and options contracts on commodities, which balance price variations mainly generated by temporary differences between supply and demand concentrations.

ROFEX was the first exchange in Argentina to apply an electronic trading system to its trades. This mechanism positioned ROFEX at the forefront and was added to the traditional open outcry method in the trading floor.

The pace of international markets and a greater information flow gave rise to the emergence of new accessible technologies, such as the Financial Information Exchange Protocol (FIX). This tool, implemented by ROFEX by mid-2007, is a technical specification for electronic trading communications, which standardizes real-time financial information and serves as a catalyst to incorporate new international brokers, improve the contribution to Data Vendors and allow the incorporation of technological players, adding value to the Market's brokers.

Key points in ROFEX´s evolution

1909 - The "Mercado General de Productos Nacionales del Rosario de Santa Fe S.A." is founded on November 19.

1909 - 1930 - Period of great growth in agricultural futures volume.

1915 - 1916 - Under the effects of the First World War, futures exchanges are closed in Latin America. ROFEX stands out for being the only exchange to comply with its contracts.

1935 - The Argentine Central Bank (BCRA) is created and the Monetary Law is amended.

1941 - The Argentine government closes the country's futures exchanges. For this reason, ROFEX carries out other transactions established in its Bylaws: grain storage and investment in pledge loans on agricultural products.

1956 - Argentine derivatives markets are authorized to resume trading.

1978 - The company changes its name to "Mercado a Término de Rosario S.A." and increases its share capital.

1993 - The National Securities Commission (CNV), issues General Resolution N° 10.278, by means of which it resolves to consider the Mercado a Término de Rosario S.A. as a self-regulated entity. ROFEX creates the Rosafe Soybean Index (ISR), allowing the settlement of this contract by price difference (carried out by product delivery).

1998 - The electronic trading system begins to operate, joining the traditional "open outcry" trading method carried out on the trading floor of the Rosario Board of Trade (BCR).

1999 - Argentina Clearing House S.A. (later known as Argentina Clearing S.A.) is created to guarantee the fulfillment of all trades carried out in ROFEX.

2001 - The Financial Derivatives Division (DDF) is created, being the first standardized derivatives exchange on financial products in Argentina. Besides, high growth in US dollar futures volume and expansion of product offering is registered (futures on Euro, Brazilian Real and Badlar rate, among others).

2006 - ROFEX demutualizes, that is, it is not necessary to be a shareholder to trade in the market. Since then, only a membership request and the payment of an admission fee are required.

2007 - The Fix Gateway is implemented, a world standard protocol for financial communications.

2009 - ROFEX celebrates its 100th anniversary with record trading volume.

2010 - ROFEX presents a new platform to its traders: Direct Market Access (DMA). In November, Gold futures, the first of its kind in the country, begin trading.

2011 - ROFEX buys Primary S.A., one of the leading suppliers of transactional services for banks, brokers and investors in Latin America. That same year, Crude Oil futures contracts, the first of its kind in Latin America, and Chicago Soybean futures contracts, licensed by CME Group, are launched. In November, ROFEX receives the FOW (Futures and Options World) Magazine award for being the most innovative Market regarding product development in Latin America.

2012 - The Futures Contract on GDP Warrants, the first of its kind in Argentina, and the Futures Contract on Chicago Corn are launched.

2014 - ROFEX launches the futures contract on Soybean for Crushing South Basis and Art. 12 Wheat Basis and the futures contract on BODEN 2015 and BONAR X. Besides, ROFEX´s Brokers are given the possibility to trade through algorithms by means of a tool developed by Primary S.A., called Algo Trading. In July, ROFEX and Merval sign an interconnection agreement of their trades, enabling brokers registered in either market to negotiate on an equal basis the products of the other market.

2015 - ROFEX and MAV signed a trading interconnection agreement as they did in 2014 ROFEX and Merval. In June, ROFEX launches new DMA (Direct Market Access) versions, together with the futures contract on Merval Index and the Mutual Funds Market. Also in June, ROFEX enters into an interconnection agreement with the Mercado Abierto Electrónico (MAE).

© 2010 ROFEX ®. All right reserved.
Paraguay 777 - 15th Floor - S2000CVO Rosario


Phone: +54 +341 5302900 | 0800-888-ROFEX (76339)
Fax: +54 +341 5302906 | info@rofex.com.ar