04.15.2013

Trading Technologies to Provide Connectivity to MexDer

04.15.2013

CHICAGO and MEXICO CITY, April 15, 2013 – Trading Technologies International, Inc. (TT) and The Mexican Derivatives Exchange (MexDer) today announced that TT has linked its X_TRADER® derivatives trading platform to MexDer, the leading marketplace for trading derivatives on Mexican benchmarks, via the CME Group’s Globex® platform. TT’s connection launched concurrently with CME’s iLink enhancements for MexDer via Globex, which were released on April 14.

TT’s new link to MexDer allows TT’s X_TRADER and API users to trade the main derivatives contracts listed on MexDer. These products include:

  • Currencies: U.S. dollar-peso futures and euro futures
  • Equity Index Futures: Mexican Stock Exchange IPC index futures and options
  • Interest Rate Futures: three-year, five-year, 10-year, 20-year and 30-year bond futures; 28-day interbank interest rate futures; 91-day T-bill futures; inflation index futures

“We are very pleased to be able to provide our clients with connectivity to MexDer. Access to Mexican derivatives means more choices and opportunities for our clients as they manage business in a competitive global marketplace,” said Harris Brumfield, TT’s CEO.

“This announcement is a very important step for our exchange. TT’s link to MexDer through CME Globex will open new business opportunities from north to south and worldwide routing,” said Jorge Alegria, MexDer’s CEO. “The Mexican derivatives market is becoming a very interesting place for global investors that are also looking to trade the global derivatives markets. TT customers will find in our market a friendly legal framework, free convertibility, no withholding taxes for foreigners trading Mexico and a benefit from posting collateral in the U.S.”

Clients can use TT’s full suite of products to enter and manage trades on MexDer, including X_TRADER and ADL™, TT’s award-winning visual programming platform for automated trading. Firms have the option to host gateways internally or outsource connectivity to TTNET™, TT’s fully managed hosting solution. MexDer also is accessible through TT’s new MultiBroker ASP solution, which is currently in beta.

MexDer, which is part of the Bolsa Mexicana de Valores (BMV) Group, is Mexico’s only futures exchange and represents roughly $700 billion in capitalization. BMV is the second largest stock exchange in Latin America and the fourth largest in North America. Futures products traded and cleared through MexDer provide an efficient way for asset managers, mutual funds, proprietary traders and hedge funds to manage risk and access opportunity in one of the world’s fastest growing economies.

For more information on trading MexDer through TT’s products, including X_TRADER, complete TT’s online inquiry form or contact a local TT representative.

About Trading Technologies: @Trading_Tech
Trading Technologies (www.tradingtechnologies.com) develops high-performance trading software for derivatives professionals, including the world’s premier investment banks, proprietary traders, brokers, Futures Commission Merchants (FCMs), hedge funds and other trading institutions. The company’s X_TRADER software and related services provide direct access to dozens of the major international derivatives exchanges. TTNET™, TT’s fully managed hosting solution, delivers maximum system stability and fast trade execution via hubs located close to the major exchanges in Chicago, New Jersey, São Paulo, London, Frankfurt, Singapore, Tokyo and Sydney. TTNET customers have the option of utilizing TT’s MultiBroker ASP solution, which allows traders to route orders to multiple brokers from a single X_TRADER screen or API through a single DMA network. Headquartered in Chicago with 12 offices globally, TT has received “best in class” awards from numerous independent third parties including Buy-Side Technology, FOW, The Technical Analyst, Markets Media and Chicago magazines as well as the Illinois Technology Association (ITA).

About MexDer
MexDer is the derivatives subsidiary of Bolsa Mexicana de Valores (BMV), the financial exchange operator in Mexico that operates full service cash and derivatives exchanges, with equities and fixed income securities listings. A self-regulated entity, MexDer along with Asigna, its triple-A rated clearinghouse, offer liquid, transparent Mexican benchmark products based on interest rates, foreign exchange and stock indexes.

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