MexDer-CME Partnership Broadens Derivatives Menu
The Mexican Derivatives Exchange, MexDer, and the CME Group have launched a south-to-north connection, providing Mexican investors access to CME Group's derivatives contracts, including interest rates, foreign currencies, equity indexes, energy, metals and agricultural commodities.
Luis Téllez, chairman and CEO of BMV Group, says the direct order routing connection will make it possible to trade and route electronic orders on MexDer and CME Group, opening both firms' contracts to a broader range of traders.
The connection will give market participants increased access to foreign markets and liquidity pools, in turn allowing traders to hedge risks across multiple exchanges, arbitrage prices between markets and/or securities, as well as geographically diversify investment allocations.
With the establishment of a new CME Group international telecommunications hub in Mexico City, MexDer participants can leverage their existing MexDer front-end trading platform or API (application program interface) to route and execute trades on the CME Globex electronic trading platform.
In the first stage of the Order Routing Agreement, MexDer members and their customers will have access to CME Group products. The initial activity is expected to be performed by local members trading on a proprietary basis and they will incorporate customers orders in the coming weeks.
The second phase of the partnership is ("north-to-south") scheduled for Q3 this year, and will give CME Group market participants access to MexDer's benchmark interest rate and equity index derivatives.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Operations
Waters Wavelength
Waters Wavelength Podcast: Episode 226 (M&A and people)
On this episode of the Wavelength Podcast, Wei-Shen and Tony talk about the importance of communication when it comes to M&A activity within a company.
Subscribe to Weekly Wrap emails
Most read
- The curious case of Larry Fondren and DelphX
- PanAgora’s CIO & head of sustainable investing explain firm’s ESG framework, best practices
- Waters Wrap: Microsoft’s capital markets play (And Algorithmics thoughts)
- Itiviti’s Blueprint for Success—Investing in People and Products
- Esma: Both OTC identifiers will not be required in Emir reporting