Mexican Derivatives Exchange (MexDer) is seeing the benefits
of international participation as it looks towards a promising
2007, which includes the launch of commodity contracts.
MexDer outlined plans for the launch of natural gas and
federal bond contracts during Association of Futures Markets
(AFM)'s annual conference in Buenos Aires.
Jorge Alegria, CEO of MexDer, told AFM delegates that his
exchange was looking to launch natural gas contracts in
conjunction with New York Mercantile Exchange and indicated
that more commodities could be offered. MexDer initiated the
process with Nymex in mid-2005 to allow the Mexican market to
use the New York exchange's Henry Hub natural gas futures
settlement price as a reference point for the contract.
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