MexDer, the Mexican Derivatives Exchange MexDer, Mercado Mexicano de Derivados, S.A. de C.V., is the Mexican Derivatives Exchange. It began operations on MexDer and its clearinghouse (Asigna) are self-regulatory entities that function under the supervision of the following financial authorities: the SHCP, Banco de México, and the National Banking and Securities Commission (CNBV). Legal Framework (click here to see more) The structure and functions of the Mexican Derivatives Exchange (MexDer), its clearinghouse (Asigna), clearing members and traders who participate in trading futures and options contracts, are defined in the rules and prudential regulations issued by the financial authorities to regulate the organization and activities of participants in the derivatives market.
Products (click here to see more) In the Mexican Derivatives Exchange, Futures and Options contracts on the following financial underlying assets are actually listed:
FUTURES CURRENCY: Mexican Peso/U.S. Dollar (DEUA) INDICES: The Mexican Stock Exchange Price and Quotations Index (IPC). FIXED INCOME: 91-day Treasury Bill Certificate (CE91), 28-day Interbank Rate (TE28), 3 year bond (M3), 10 year bond (M10) and inflation-Index (UDI). INDIVIDUAL STOCKS: América Móvil L (AXL), Cemex CPO (CXC), Femsa UBD (FEM), Gcarso A1 (GCA), and Telmex L (TMXL). OPTIONS INDICES : Mexican Stock Exchange Price and Quotations Index (IP). INDIVIDUAL STOCKS: América Móvil L (AX) / Naftrac 02 (NA). EXCHANGE TRADED FUNDS : iShares S&P500 Indexâ" IVV / "Nasdaq 100-Index Tracking StockSM” QQQQSM The advantages of MexDer An organized derivatives market offers a number of advantages to those who participate in it, including:
Liquidity The existence of standardized products like futures and options contracts allow them to be used by any type of participant, and this in turn means higher trading volume, efficiency, and a greater ability to buy or sell at the optimum moment.
Transparency Because trading is conducted through a completely automated system, prices are revealed to the general public and can be looked up in real time in the leading financial information systems from anywhere in the world.
A diverse array of instruments for your strategies Whatever your need in the financial markets may be, MexDer offers products to help you manage your risks: in fixed-income, foreign-exchange or equity securities.
Strength The international standard of every organized market is to have the support of a clearinghouse. In
AAA Counterpart Asigna, Compensación y Liquidación becomes the counterpart to every transaction performed on MexDer. This means it acts as a buyer vis-à-vis each seller, and a seller vis-à-vis each buyer, minimizing the risk of default.
Anonymity Having a completely automated system and a clearinghouse that acts as counterpart to each trade allows for a completely anonymous market, which means equal opportunities for every participant in MexDer.
Self-Regulation The legal regime issued by the financial authorities, known as "Rules" and "Provisions," encouraged the creation of the first self-regulatory market in Mexico. MexDer and Asigna have the power to act as "market authorities," whose primary mission is to ensure order in trading, encourage the proper functioning of the market, adopt measures, policies and criteria to promote stability and development, and impose sanctions when participants fail to comply with its polices and regulations.
Global financial risk management Every participant is assigned a registration code called the "MexDer Account Number," which allows the exchange and clearinghouse to monitor the individual position of each client, regardless of the number of accounts it has opened, even with more than one broker. |
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