Mexican Derivatives Exchange

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Mexican Derivatives Exchange

• March, 2008

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What happened in 2007??
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We are a modern Exchange
USD collaterals
Omnibus Accounts
CFTC Approved products
Remote Membership
Electronic Access - MexFix
No Withholding Taxes
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TIIE Swap VS TIIE Futures

• TIIE Swap, Very liquid in the OTC.
• September 2007 - 10 Year TIIE Swap Futures
  launching.
• 1000 Times larger than Individual TIIE Future
  Contracts.
• More precise hedging.
• Easy monitoring and administration process.

• Credit lines, security, transparency.
• Anonymous Market.
• Position Netting.
• Transaction Margins and costs.

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28-Day TIIE Future
Less volume in the TIIE ? ? ?
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TIIE Swap Future
Lets take closer look ! ! !
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TIIE Future TIIE Swap Future Contracts
A closer look ! ! !
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10-Year Bond Futures Contracts

• Great for arbitrage T-note future vs M10 Bond
• Volume increase in 2007 150
• Long term interest rate benchmark in Mexico.

(ADV)
150
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IPC Index Future Contracts

• The IPC is a capitalization Index and the leading
  indicator of the Mexican Stock Exchange
  performance.
• CFTC approved product.
• Algo traders in place.
• Volatility and liquidity.

(ADV)
Percentage of the Open Interest Source Asigna
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Options on the IPC Index Future
(ADV)
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IPC Historic Volatility
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Volatility Index Mexico (VIMEX) vs VIX
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Coming up for 2008

• Based on the new favorable legal and Tax
  framework, we plan to launch Individual Stock
  Options Contracts on

• CEMEX (CX) One of the largest Cement producers
  of the world
• TELEVISA (TV) The largest media company in the
  Spanish speaking world.
• FEMSA (FMX) Coca-Cola and Beer Bottler in
  Mexico.
• TELMEX (TMX) Local and long distance telephone
  services, internet and broadband access
  throughout Mexico.
• WALMEX (V MM) Wal-Mart of Mexico

These names, plus AMERICA MOVIL (AMX) already
listed represents a fair sample of the Mexican
Equity market, and more than 65 of the Bolsa
Index. Liquidity on the underlying stocks, in
Mexico and in NYSE through ADRs.
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Market Participants 2007

• 5 Clearing Members
• 29 Mexican Trading Members
• 2 Non Mexican Trading Members
• 23 Market Makers
• 7 Omnibus Accounts

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Market Participants 2008

• 5 Clearing Members
• 34 Mexican Trading Members
• 7 Non Mexican Trading Members
• 24 Market Makers
• 13 Omnibus Accounts

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Members
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API / FIX Access

• MexDer provides Access via the Financial
  Information eXchange (FIX) protocol.

• Certified ISVs

• ISVs currently testing

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Its easy to participate!

• As an Omnibus Account.
• Handling costumer accounts through a Trading
  Member or a Clearing Member.

• As a Client.
• Proprietary Trader as a costumer of a Trading
  Member.

• As a Remote Member.
• Non-Clearing Remote Membership with direct access
  to the trading system.

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Contact Us!
Its never been so easy.
From the US
1 866 MEXDER1
Berenice Corral
From the rest of the world
bcorral_at_mexder.com
(5255) 5342-9999
(5255) 5342-9930
The leading Marketplace for trading derivatives
on Mexican benchmarks