Rand Financial Services now offers connectivity to Mexican Derivatives Exchange (MexDer) through Patsystems.
Rand Financial Services now offers connectivity to Mexican
Derivatives Exchange (MexDer) through Patsystems. With
the rapid growth of MexDers TIIE 28-day interest rate
contract, our customers have expressed growing interest in
MexDer products, says Mike Manning, chief executive and
president of Rand Financial. MexDer has, to date, been very
successful in attracting international investors with JPMorgan
and Timberhill setting up remote memberships. MexDer has
been adding important changes to our regulatory and technology
framework, in order to allow and facilitate the participation
of international players in our market, says Jorge
Algeria. He adds: We are delighted to have Rand
Financial, a very well respected FCM in the derivatives
industry providing client access to our exchange. This event is
even more relevant for us because the connectivity is provided
by Patsystems, one of the leading companies in the technology
sector, increasing our capacity of connecting more participants
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