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MexDer increases IPC
futures Tick Size MexDer announced a significant change to
the IPC Equity Index Futures Contract tick size (minimum fluctuation) from one
(1) point of the Index = 10.00 MXN Mexico Pesos (approx. $0.77 USD
Equivalent) to five (5) points of the Index = 50.00 MX (approx.$3.87 USD equivalent) which will take effect on Monday,
August 24th, 2009. The new minimal fluctuation of the
Futures Price of five (5) points of the IPC Equity Index or 50.00 MXN Mexico
Pesos will now be greater than the combined exchange clearinghouse cost making
this contract significantly more attractive for high frequency/high velocity
proprietary trading firms / hedge funds.
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