130 likes | 480 Vues
www.rtsgroup.net. www.mexder.com. RTS Realtime Systems & MexDer present: “Accessing MexDer Today- What is on the Horizon” Thursday, October 1 st. Introduction. Jorge Alegria, CEO, MexDer John Dempsey, VP Business Development, RTS.
E N D
www.rtsgroup.net www.mexder.com RTS Realtime Systems & MexDer present: “Accessing MexDer Today- What is on the Horizon” Thursday, October 1st
Introduction • Jorge Alegria, CEO, MexDer • John Dempsey, VP Business Development, RTS Please be sure to use the chat or question function to ask questions.
Agenda • History, Accomplishments, Milestones • MexDer Product Offering • MexDer’s Market- what makes it so attractive? • The Future
History of MexDer • 1998: Open Outcry Trading • 1999: Interest Rates and Index Futures Contracts Listing • 2000: Electronic Trading • 2001: Local Market Makers • 2003: Partnership with MEFF for the options market • 2004: Development and launch of the equity options market • 2005: Omnibus Accounts • 2006: Remote Participants • 2007: Emerging Market of the Year • 2008: Bolsa Mexicana Group IPO
Agenda • Point 1 • Point 2 • Point 3 • Point 4
IPC Index Futures Contracts • The leading indicator for the Mexican equity markets. • The IPC indicates the market return based on price variations in a balanced, weighted and representative sample of the stocks listed on the Mexican stock exchange. • The easiest and cheapest way to hedge and short the Mexican equity market. • From 2006 to 2008, the Open Interest has increased by more than 184%.
10-Year Bond Future Contracts • Underlying: 10 year bond issued by the Mexican federal government • One of the most actively traded fixed income securities in Mexico • Local Pension Funds and foreigners actively trade this product • Arbitrage opportunities • Most efficient way to hedge and short positions Source: Banxico
Fixed Income Futures • Trade the whole yield curve of the Mexican Soveregin that is available. • 91 Day Treasury CETE • 3 Year Bond (M3) • 10 Year Bond (M10) • 20 Year Bond (M20) Foreign Investment in Mexican Bonds • (Balanced at the end of each period)
MexDer Market • What is the make-up and depth of the MexDer market? • How can foreigners access the marketplace? • How easy and how fast? • Are foreigners subject to surveillance oversight by Mexican Regulators? Foreign Member A Foreign Member B Foreign Member C Foreign Member D
What makes MexDer so attractive? • No Withholding Taxes • Omnibus Accounts • Remote Membership • No local presence required • CFTC No-Action Letters (IPC futures & screens) • FIX Access • Collaterals accepted in the U.S. • Give Ups
Future • With proximity hosting in place and co-location coming, how soon do you see this positively affecting the next growth wave? • Is algorithmic trading taking place? • What new products does the exchange see on the horizon and who will they be marketed to? • How do you envision the Latin American region changing in the future? • Where do you see your exchange in the next 2 years?
www.rtsgroup.net www.mexder.com Contact us. John Dempsey, RTS: j.dempsey@rtsgroup.net Berenice Corral Perez, MexDer: bcorral@mexder.com.mx Be sure to visit both RTS and MexDer at the upcoming FIA Expo Chicago, October 21-22, 2009