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MexDer to launch volatility swap
23 April 2010
Mercado Mexicano de Derivados, the Mexican derivatives exchange, is planning to expand its suite of volatility products, as well as launching derivatives on exchange-traded funds.
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MexDer
VIX
volatility swap
Mercado Mexicano de Derivados
Chief executive Jorge Alegría told FOW a new volatility swap based on
the index’s calculations would find takers in the over the counter market,
attracted by the security of MexDer’s clearing facilities.
“The new product will be a centrally cleared swap,” said Alegría. “It’s
already in the testing phase and ready to be launched.”