Today begins the first stage of the agreement signed 13 months ago Mexican Derivatives Market (MexDer) and the Chicago Mercantile Exchange Group (CME), which allows operation of derivative contracts on interest rates, exchange rates, reference data in capital markets, energy, metals, commodities and stocks, among these markets.
were fitted in the boot order routing systems from south to north, ie, from Mexico to Chicago, which operators can operate MexDer products and receive information about CME Group market.
As distributed, MexDer operations executed in the CME Globex platform- through which customers access to their transactions and processes more than 100 million transactions a day, and the CME Group's operations executed in the platform MexDer confirmed in milliseconds, virtually 24 hours a day.
The MexDer seeks to expand its product range, as did Brazil in 2008. Until last week offered only currency derivatives, debt, and stock indexes.
From the products available today include those of the CME, CBOT, NYMEX and COMEX
Among the benefits associated with the routing of orders between MexDer and CME are free access to foreign markets and liquid hedging between the two markets, arbitrage opportunities between the two markets and geographical diversification of portfolios.
With the alliance, in the medium term will be to implement a coverage scheme on agricultural goods and energy much more efficient and transparent that currently exist. In recent days
Jorge Alegria, CEO of MexDer, said: "In the comparison with Brazil, we believe that the segment from south to north Mexico will benefit from the tax system more open and more regulatory framework friendly than Brazil. "
The crossing of the CME with Brazil had a very important As operations from U.S. to Brazil, known as north to south, while in a period of one year, MexDer estimated to have a growth of around 30% in this same category.
Led by a giant
The CME Group was created in 2007 from the merger between CME and CBOT Chicago Board of Trade, Stock Exchange, becoming the largest futures and options and diverse in the world.
A year later, in 2008, migrated CBOT products to CME Globex platform, within it there are more than 1,100 direct customer connections, in addition to eight nodes of telecommunications in the financial centers of Europe and Asia.
To safeguard financial operations in Chicago this market has a clearing house, the CME Clearing, which has $ 8 billion to deal every day with the risk that a market participant fails to comply with the commitments made by its operation.
0 comments:
Post a Comment