The Mexican Derivatives Exchange (MexDer) is an futures and
options exchange in Mexico, located in the same building as the
Mexican Stock Exchange
The Mexican Stock Exchange (), commonly known as Mexican Bolsa, Mexbol, or BMV, is one of two stock exchanges in Mexico, the other being BIVA - Bolsa Institucional de Valores. It is the second largest stock exchange in Latin America, only after S ...
and a subsidiary of the same owning group.
History
MexDer claims that its formation was first formally discussed in 1994. It actually began operations December 15th, 1998.
In September 1999, the Board of Directors of MexDer approved a project to create an electronic trading system. Before that time it had been operating as an open-outcry market. The new system, "SENTRA-DERIVADOS," was a
client–server system using a
TCP/IP
The Internet protocol suite, commonly known as TCP/IP, is a framework for organizing the communication protocols used in the Internet and similar computer networks according to functional criteria. The foundational protocols in the suite are ...
network.
In March 2004, MexDer moved its electronic trading to the Spanish "S/MART" system.
In 2009, MexDer trading in MoNeT matching engine (MoNeT In Spanish: Motor de Negociación Transaccional), this engine is an HA HPC Cluster (https://resources.sei.cmu.edu/asset_files/Presentation/2013_017_001_297884.pdf).
Organization
MexDer has a typical
corporate structure
A typical corporate structure consists of various departments that contribute to the company's overall mission and goals. Common departments include Marketing, Finance, Operations management, Human Resource, and IT. These five divisions represent ...
. It also authorizes special relationships with certain kinds of entities:
* Brokers
* Clearing Members, "trusts that participate as shareholders of MexDer and contribute to Asigna's capital; their purpose is to settle and, when applicable, trade Futures and Options contracts in MexDer on behalf of clients. ... Clearing Members have their own capital, they specialize in the evaluation of counterpart
ic.risk, manage guarantees and, in order to avoid conflicts of interest, they keep proprietary accounts completely separate from third-party accounts."
* Market Makers
Products
MexDer offers a different asset class derivatives
[{{Cite web, url=http://www.mexder.com.mx/wb3/wb/MEX/contratos_swaps, title=Contratos de SWAPS, website=www.mexder.com.mx, access-date=2017-10-14] divides in Futures, Options and Swaps.
* Mexican Local Stocks (SSF's and Options):
:: ALFA , ASUR , CEMEX , FEMSA , GAP , GCARSO , GMEXICO , KOF , LALA , MEXCHEM , PE&OLES , PINFRA , WALMEX
* Local ETF Tracker (SSF):
:: MEXTRAC
* Foreign exchange:
:: USD/MXN and EUR/MXN futures and USD/MXN Options.
* IPC Index
EXBOL
:: One big futures contract and a mini contract (5 times less) with options in big contract.
* Bonds:
:: TIIE , CETE , Mexican UMS Bonds
* Commodities:
:: Yellow Corn Futures in Mexican Pesos
XNThe price of this future contract is tied to CME Mini Corn Future Contract and USD/MXN)
See also
*
Bolsa Mexicana de Valores
The Mexican Stock Exchange (), commonly known as Mexican Bolsa, Mexbol, or BMV, is one of two stock exchanges in Mexico, the other being BIVA - Bolsa Institucional de Valores. It is the second largest stock exchange in Latin America, only after ...
*
Economy of Mexico
The economy of Mexico is a developing mixed-market economy. It is the 13th largest in the world in nominal GDP terms and by purchasing power parity as of 2024. Since the 1994 crisis, administrations have improved the country's macroeconomi ...
*
List of futures exchanges
This is a list of notable futures exchanges. Those stock exchanges that also offer trading in futures contracts besides trading in securities are listed both here and the list of stock exchanges.
Major derivatives exchanges
Below ...
*
Peso
The peso is the monetary unit of several Hispanophone, Spanish-speaking countries in Latin America, as well as the Philippines. Originating in the Spanish Empire, the word translates to "weight". In most countries of the Americas, the symbol com ...
Notes
Finance in Mexico
Derivatives (finance)