Rosario Board of Trade
Encyclopedia
The Rosario Board of Trade is a non-profit making association based in Rosario
, in the Province
of Santa Fe
, Argentina
. Founded on August 18, 1884, it serves as a forum for the conduct of trade negotiations in several markets including grain, oilseed, agricultural products and their by-products, as well as securities and other assets.
The Physical Grain Market of the BCR is the most important in Argentina in terms of its volume of operations, and provides reference prices for the national and international markets. Most of the country's production of cereal
s and oilseeds
is traded within it, especially soybean
. The region
around Rosario contains more than 80% of the vegetable oil industry of Argentina and its ports, (Rosario
and San Lorenzo-Puerto San Martín
), handle more than 90% of the Argentine export of soybean and its derivatives.
The Rosario Futures Exchange (ROFEX) has traditionally been a futures exchange
for commodities and, in more recent times, for financial products such as exchange rate
and interest rate
options. Its negotiated volume (especially in forward contract
s over dollars
) makes ROFEX the largest futures market in the country.
The Rosario Stock Exchange operates with stockholders dealing negotiable assets of all kinds. The Board of Trade additionally operates a complex of laboratories which analyze and provide quality certifications for samples of agricultural products, soil and water.
Operating in a landmark Beaux-Arts headquarters designed by Raúl Rivero in 1926, the exchange had new offices built during the 1990s. Designed by architect Mario Roberto Álvarez
, the new building was completed in 1998.
Rosario
Rosario is the largest city in the province of Santa Fe, Argentina. It is located northwest of Buenos Aires, on the western shore of the Paraná River and has 1,159,004 residents as of the ....
, in the Province
Provinces of Argentina
Argentina is subdivided into twenty-three provinces and one autonomous city...
of Santa Fe
Santa Fe Province
The Invincible Province of Santa Fe, in Spanish Provincia Invencible de Santa Fe , is a province of Argentina, located in the center-east of the country. Neighboring provinces are from the north clockwise Chaco , Corrientes, Entre Ríos, Buenos Aires, Córdoba, and Santiago del Estero...
, Argentina
Argentina
Argentina , officially the Argentine Republic , is the second largest country in South America by land area, after Brazil. It is constituted as a federation of 23 provinces and an autonomous city, Buenos Aires...
. Founded on August 18, 1884, it serves as a forum for the conduct of trade negotiations in several markets including grain, oilseed, agricultural products and their by-products, as well as securities and other assets.
The Physical Grain Market of the BCR is the most important in Argentina in terms of its volume of operations, and provides reference prices for the national and international markets. Most of the country's production of cereal
Cereal
Cereals are grasses cultivated for the edible components of their grain , composed of the endosperm, germ, and bran...
s and oilseeds
Vegetable fats and oils
Vegetable fats and oils are lipid materials derived from plants. Physically, oils are liquid at room temperature, and fats are solid. Chemically, both fats and oils are composed of triglycerides, as contrasted with waxes which lack glycerin in their structure...
is traded within it, especially soybean
Soybean
The soybean or soya bean is a species of legume native to East Asia, widely grown for its edible bean which has numerous uses...
. The region
Greater Rosario
Greater Rosario is the metropolitan area of the city of Rosario, in the province of Santa Fe, Argentina. This metropolis has a population of about 1.5 million , thus being Argentina's second most populated urban settlement, after Buenos Aires....
around Rosario contains more than 80% of the vegetable oil industry of Argentina and its ports, (Rosario
Port of Rosario
The Port of Rosario is an inland port and a major goods-shipping center of Argentina, located in the city of Rosario, province of Santa Fe, on the right-hand shore of the Paraná River, about 550 km upstream from the Atlantic Ocean.-Overview:...
and San Lorenzo-Puerto San Martín
San Lorenzo-Puerto General San Martín Port Complex
The San Lorenzo-Puerto General San Martín Port Complex is a series of port facilities on the western shore of the lower course of the Paraná River in Argentina, which are shared by the cities of San Lorenzo and Puerto General San Martín, province of Santa Fe....
), handle more than 90% of the Argentine export of soybean and its derivatives.
The Rosario Futures Exchange (ROFEX) has traditionally been a futures exchange
Futures exchange
A futures exchange or futures market is a central financial exchange where people can trade standardized futures contracts; that is, a contract to buy specific quantities of a commodity or financial instrument at a specified price with delivery set at a specified time in the future. These types of...
for commodities and, in more recent times, for financial products such as exchange rate
Exchange rate
In finance, an exchange rate between two currencies is the rate at which one currency will be exchanged for another. It is also regarded as the value of one country’s currency in terms of another currency...
and interest rate
Interest rate
An interest rate is the rate at which interest is paid by a borrower for the use of money that they borrow from a lender. For example, a small company borrows capital from a bank to buy new assets for their business, and in return the lender receives interest at a predetermined interest rate for...
options. Its negotiated volume (especially in forward contract
Forward contract
In finance, a forward contract or simply a forward is a non-standardized contract between two parties to buy or sell an asset at a specified future time at a price agreed today. This is in contrast to a spot contract, which is an agreement to buy or sell an asset today. It costs nothing to enter a...
s over dollars
United States dollar
The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....
) makes ROFEX the largest futures market in the country.
The Rosario Stock Exchange operates with stockholders dealing negotiable assets of all kinds. The Board of Trade additionally operates a complex of laboratories which analyze and provide quality certifications for samples of agricultural products, soil and water.
Operating in a landmark Beaux-Arts headquarters designed by Raúl Rivero in 1926, the exchange had new offices built during the 1990s. Designed by architect Mario Roberto Álvarez
Mario Roberto Álvarez
Mario Roberto Álvarez was a prominent Argentine architect.-Early life:Álvarez was born in Buenos Aires in 1913. He enrolled at the University of Buenos Aires School of Arquitecture in 1932, and graduated with Gold Medal honors in 1936...
, the new building was completed in 1998.