CME Group and the Mexican Derivatives Exchange (MexDer), the derivatives subsidiary of BMV Group, have launched north-to-south order routing agreement. The deal will provide customers in the U.S. access to MexDer’s benchmark derivatives contracts, including Mexican Stock Exchange index futures, bond futures and MXN peso / U.S. dollar futures contracts.
The first phase of the project went live on April 4, 2011. Mexican investors got access to CME’s benchmark derivatives contracts, including interest rates, foreign currencies, equity indexes, energy, metals and agricultural commodities. The second phase of direct order routing will let BMV customers leverage access to both MexDer and CME.
Click here for the release from Business Wire.