The Options contract is physically settled, European style and will start trading with quarterly maturities in the March cycle. “It is clear that the domestic market is developing, and more sophisticated participants are demanding now this kind of instruments related to the Mexican Peso” said Jorge Alegria, Chief Executive Officer of MexDer, “we are listing the Contract in accordance to the local needs but also following the international standards” he added
The listing of this new Options contract broadens the range of products offered by MexDer, amongst which are: Peso/ Dollar futures, IPC (Index of the Mexican Stock Exchange) futures, 28-day TIIE interest rate futures, and 10 year bond futures, as well as options on the Mexican Stock Exchange IPC Index.
MexDer is the Mexican Derivatives Exchange which started operations on December 1998, with the listing of futures contracts on financial underlying assets. MexDer has had transcendental achievements over the last years, such as new domestic and foreign memberships, a new financial options market (March 2004), omnibus accounts, changes in the withholding tax for overseas participants and a remote access platform called MexFix which is based on FIX protocol.
Today MexDer is one of the top growing futures exchanges in terms of trading volume according to FIA. Remote membership for international clients with direct access to our trading system is now available.
Combining technology, liquidity, strength and reliability in our market we offer to our customers the leading marketplace for trading derivatives on Mexican benchmarks and one of the best alternatives of derivatives exchanges worldwide.
For more information please visit www.mexder.com