CME Group and the Mexican Derivatives Exchange Announce Launch of North-to-South Order Routing Agreement
August 01 2011 - 12:12PM
Business Wire
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 the project, CME
Group 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 Téllez, 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 Alegría, 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; América Móvil, 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.
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