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Mexican Derivatives Exchange

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Easy monitoring and administration process. TIIE Swap VS TIIE Futures. Credit lines, security, transparency. Anonymous Market. Position Netting. ... – PowerPoint PPT presentation

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Title: Mexican Derivatives Exchange


1
Mexican Derivatives Exchange
  • March, 2008

2
What happened in 2007??
3
We are a modern Exchange
USD collaterals
Omnibus Accounts
CFTC Approved products
Remote Membership
Electronic Access - MexFix
No Withholding Taxes
4
TIIE Swap VS TIIE Futures
  • TIIE Swap, Very liquid in the OTC.
  • September 2007 - 10 Year TIIE Swap Futures
    launching.
  • 1000 Times larger than Individual TIIE Future
    Contracts.
  • More precise hedging.
  • Easy monitoring and administration process.
  • Credit lines, security, transparency.
  • Anonymous Market.
  • Position Netting.
  • Transaction Margins and costs.

5
28-Day TIIE Future
Less volume in the TIIE ? ? ?
6
TIIE Swap Future
Lets take closer look ! ! !
7
TIIE Future TIIE Swap Future Contracts
A closer look ! ! !
8
10-Year Bond Futures Contracts
  • Great for arbitrage T-note future vs M10 Bond
  • Volume increase in 2007 150
  • Long term interest rate benchmark in Mexico.

(ADV)
150
9
IPC Index Future Contracts
  • The IPC is a capitalization Index and the leading
    indicator of the Mexican Stock Exchange
    performance.
  • CFTC approved product.
  • Algo traders in place.
  • Volatility and liquidity.

(ADV)
Percentage of the Open Interest Source Asigna
10
Options on the IPC Index Future
(ADV)
11
IPC Historic Volatility
12
Volatility Index Mexico (VIMEX) vs VIX
13
Coming up for 2008
  • Based on the new favorable legal and Tax
    framework, we plan to launch Individual Stock
    Options Contracts on
  • CEMEX (CX) One of the largest Cement producers
    of the world
  • TELEVISA (TV) The largest media company in the
    Spanish speaking world.
  • FEMSA (FMX) Coca-Cola and Beer Bottler in
    Mexico.
  • TELMEX (TMX) Local and long distance telephone
    services, internet and broadband access
    throughout Mexico.
  • WALMEX (V MM) Wal-Mart of Mexico

These names, plus AMERICA MOVIL (AMX) already
listed represents a fair sample of the Mexican
Equity market, and more than 65 of the Bolsa
Index. Liquidity on the underlying stocks, in
Mexico and in NYSE through ADRs.
14
Market Participants 2007
  • 5 Clearing Members
  • 29 Mexican Trading Members
  • 2 Non Mexican Trading Members
  • 23 Market Makers
  • 7 Omnibus Accounts

15
Market Participants 2008
  • 5 Clearing Members
  • 34 Mexican Trading Members
  • 7 Non Mexican Trading Members
  • 24 Market Makers
  • 13 Omnibus Accounts

16
Members
17
API / FIX Access
  • MexDer provides Access via the Financial
    Information eXchange (FIX) protocol.
  • Certified ISVs
  • ISVs currently testing

18
Its easy to participate!
  • As an Omnibus Account.
  • Handling costumer accounts through a Trading
    Member or a Clearing Member.
  • As a Client.
  • Proprietary Trader as a costumer of a Trading
    Member.
  • As a Remote Member.
  • Non-Clearing Remote Membership with direct access
    to the trading system.

19
Contact Us!
Its never been so easy.
From the US
1 866 MEXDER1
Berenice Corral
From the rest of the world
bcorral_at_mexder.com
(5255) 5342-9999
(5255) 5342-9930
The leading Marketplace for trading derivatives
on Mexican benchmarks
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