Copying and distributing are prohibited without permission of the publisher
MexDer hopes CME order routing deal will match BM&F’s
10 March 2010
Mercado Mexicano de Derivados’s order routing deal with CME Group will aim to match that of its neighbour BM&F Bovespa’s, MexDer CEO Jorge Alegría has told FOW.
Read more:
[CME Group]
[Bolsa Mexicana de Valores]
[MexDer]
[Mercado Mexicano de Derivados]
[BM&F Bovespa]
[Globex]
[order routing]
[Barclays Capital]
[Derivatives World Latin America]
Yesterday (March 8), CME Group announced that it had signed a strategic partnership agreement with MexDer’s parent, Bolsa Mexicana de Valores, which includes an order routing agreement for derivatives. Order routing between the exchanges is due to begin next year.
CME has acquired a 1.9% equity stake in BMV, valued at $17m, as well as a seat on its board. Barclays Capital is acting as financial adviser to CME on the deal. The Chicago-based group will become the exclusive provider of order routing to BMV outside Latin America.
The two exchange groups first held talks “of a preliminary nature” in September of last year.
For BMV, the deal offers the opportunity to list products on CME’s Globex trading network, opening up access to the North...
You must be logged in to view this page. If you are already a registered user please log in. Alternatively, you can request a free trial or subscribe.
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the current issue for two weeks (excluding
some surveys and articles). Start your free trial today.
