The Mexican derivatives market, MexDer, is preparing to open
an options exchange by January or February 2004, initially with
In June, MexDer announced that it was teaming up with
Spain's derivatives market, Meff, to launch an options market
in Mexico. At that time, the exchanges said the process could
take up to 18 months.
The first options contract will be the Mexican Bolsa equity
index, because it is the simplest product, according to Jorge
Alegria, general director at MexDer. "The product will be
launched once Meff's system is adapted. We want to launch
options almost immediately on some of the most liquid stocks
listed in the cash market (Telmex, America Movil and Walmart de
Mexico)." Other plans include introducing options on bonds and
in the peso-currency.
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