Trading Technologies, MexDer Link Via CME's Globex

The new API connection allows users to trade in contracts including US Dollar-Peso futures; equity index and interest rate futures; bond futures ranging from three to 30 years, among others, and will be available via TT's X-trader as well as its ADL visual programming platform, TTNET managed hosting solution, and new MultiBroker ASP, currently in beta testing.

"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," says 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."

The move comes on the back of CME iLink enhancements brought online earlier this month for MexDer, the futures arm of Bolsa Mexicana de Valores (BMV) Group trading about $700 billion.