CHICAGO, Aug. 1, 2011 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, and the
Mexican Derivatives Exchange (MexDer), the derivatives subsidiary
of the BMV Group and second largest exchange in Latin America, today announced the successful
launch of their north-to-south order routing agreement, giving
customers in the U.S. access to MexDer's benchmark derivatives
contracts, including Mexican Stock Exchange Index Futures, Bond
Futures and MXN Peso / US Dollar Futures Contracts. The first
phase of CME Group’s strategic partnership with MexDer went live
April 4, 2011 and gave Mexican
investors access to CME Group’s benchmark derivatives contracts
including interest rates, foreign currencies, equity indexes,
energy, metals and agricultural commodities.
"Mexico is the 13th largest
economy in the world and we continue to look for opportunities to
provide our customers around the world with the broadest and most
diverse range of globally-relevant products to help them manage
their risk," said Phupinder Gill,
CME Group President. "This next phase of the partnership
demonstrates how we continue to build on our successful track
record of growing our business internationally through strategic
partnerships."
"With the successful launch of South-to-North order routing in
April, the second phase of the direct order routing connection now
makes it possible for both of our customers to leverage access to
both MexDer and CME Group, and take advantage of a modern market
with a friendly regulatory framework in Mexico and a growing sophisticated local
investor base," said Luis Tellez,
Chairman and CEO of BMV Group. "Our goal moving forward is to focus
on increasing our volumes together and working more closely with
each other to learn how we can meet the needs of our customers."
In March 2010, the parent company
of MexDer, BMV Group, and CME Group entered into a strategic
partnership that includes order routing for derivatives products as
well as an agreement to pursue potential joint initiatives
including product development, marketing and customer education as
well as clearing opportunities. CME Group is the exclusive exchange
provider of derivatives order routing services to MexDer outside
Latin America, and MexDer is the
exclusive exchange provider of derivatives order routing services
to CME Group in Mexico.
For a full list of available products and for more information
on how customers can get started please visit:
www.cmegroup.com/mexder or www.mexder.com/MEX/cme_english.html.
To view a video of Jorge Alegria,
Chief Executive Officer of MexDer, and David Shuler, Managing Director of Alliance and
Venture Management at CME Group, regarding the partnership between
CME Group and MexDer and the order routing agreement, please follow
this link:
http://at.pscdn.net/008/00102/videoplatform/110713mexder.html.
About CME Group
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) is where the world comes to manage
risk. CME Group exchanges offer the widest range of global
benchmark products across all major asset classes, including
futures and options based on interest rates, equity indexes,
foreign exchange, energy, agricultural commodities, metals, weather
and real estate. CME Group brings buyers and sellers
together through its CME Globex® electronic trading platform and
its trading facilities in New York
and Chicago. CME Group also operates CME Clearing, one of the
world's leading central counterparty clearing providers, which
offers clearing and settlement services for exchange-traded
contracts, as well as for over-the-counter derivatives transactions
through CME ClearPort®. These products and services ensure that
businesses everywhere can substantially mitigate counterparty
credit risk in both listed and over-the-counter derivatives
markets.
CME Group is a trademark of CME Group Inc. The Globe Logo, CME,
Globex and Chicago Mercantile Exchange are trademarks of Chicago
Mercantile Exchange Inc. CBOT and the Chicago Board of Trade are trademarks of the
Board of Trade of the City of
Chicago, Inc. NYMEX, New York Mercantile Exchange and
ClearPort are registered trademarks of New York Mercantile
Exchange, Inc. COMEX is a trademark of Commodity Exchange,
Inc. All other trademarks are the property of their
respective owners. Further information about CME Group (NASDAQ:
CME) and its products can be found at www.cmegroup.com.
About BMV Group
BMV Group is a fully integrated Exchange Group that operates
cash, listed derivatives and OTC markets for multiple asset
classes, including equities, fixed income and exchange traded
funds, as well as custody, clearing and settlement facilities and
data products for the local and international financial
community.
BMV is the second largest stock exchange in Latin America with a total market
capitalization of over US$ 453.8
billion. The Exchange is home to some of the most
recognizable and profitable global corporations, including:
beverage giant Grupo Modelo, whose
brands include Corona Extra and Pacifico; America Movil, one of the largest
telecommunications companies in the world; CEMEX, the world's
biggest building materials supplier; and Televisa, the largest
media company in the Spanish-speaking world, among many others. In
addition, MexDer (the Mexican Derivatives Exchange) is also part of
BMV Group and is the leading marketplace for trading benchmark
Mexican derivatives products.
About MexDer
MexDer is the derivatives subsidiary of the Mexican Exchange
(Bolsa Mexicana BMV), the financial exchange operator in
Mexico that operates full service
cash and derivatives exchanges, with equities and fixed income
securities listings. A self-regulated entity, MexDer along with
Asigna, its triple-A rated clearinghouse, offer liquid, transparent
Mexican benchmark products based on interest rates, foreign
exchange and stock indexes.
For more information go to www.bmv.com.mx or to
www.mexder.com.mx.
CME-G
SOURCE CME Group