Wedbush Futures clients now have access to products from the Mexican Derivatives Exchange powered by CMA Markets. Our EVP, Bob Fitzsimmons met with Jose Miguel De Dios, CEO of MexDer, and Raphel Juan, CIO of CMA Markets to talk about the products offered at MexDer and how clients can access and trade them via the CMA platform.
Miguel outlined the most popular products offered through MexDer and how clients can use them.
Mexican Peso vs. US Dollar Futures Contract
- Offers small contract sizes
- High level of open interest for portfolio hedging
S&P/BMV IPC Mexican Equity Index Futures Contract
- Modified market capital weighted index formed by 35 of the largest and most liquid local investable stocks listed on the Mexican Stock Exchange (BMV)
- Contract size of 10 pesos multiplied by the Index
Mini S&P/BMV IPC Mexican Equity Index Futures Contract
- Same product as the S&P/BMV IPC with a contract size of 2 pesos multiplied by the index
He also discussed the latest products coming available to MexDer, including the 30-day Overnight TIIE Futures Contract which launched a few weeks ago. The product is similar to an SOFR, and is a hedge alternative for the new benchmark funding rate published daily by the Central Bank of Mexico.
Juan offered his insights on the CMA Markets platform and how his company is focused on developing the best possible user experience. His company provides all-in-one trading solutions, and has over one million investors from across the world. Juan believes CMA’s real-time data and intuitive platform are a good fit for those interested in trading futures options, contracts, and sub-contracts.
Current Wedbush Futures clients can contact us to get access to the CMA platform to trade MexDer products. New clients can learn about opening an account here. For more information watch the full video below or visit the MexDer website.
About Wedbush Futures
Wedbush Futures, a division of Wedbush Securities Inc., is one of the largest non-bank Futures Commission Merchants (“FCM”) in the United States. The division specializes in clearing and financing activities for professional traders and Introducing Brokers. Located in Chicago, Wedbush Futures is at the forefront of our business, with deep industry specialization and a distinguished track record in financial securities. Our client relationships are built on trust and supported by our firm, which is rooted in experience, stability, and innovation. Since its founding in 1955, Wedbush has been a leader in the financial industry providing our clients with a wide range of services; including private client services and institutional sales, correspondent clearing services, equity research, corporate and municipal finance, equity market making, fixed income trading, and wealth management. Headquartered in Los Angeles, with 100 registered offices, the firm focuses on dedicated service, client financial safety, continuity, and advanced technology. Wedbush Securities is the largest subsidiary of holding company, Wedbush Capital, which also includes affiliated firms.
About Mexican Derivatives Exchange
MexDer is the Mexican Derivatives Exchange, a subsidiary of the Mexican Stock Exchange group (AKA: Grupo BMV, Bolsa Mexicana de Valores). With a history of more than 20 years, MexDer is a self-regulated entity that together with the nationally rated Triple A Mexican derivatives clearinghouse Asigna, offers Futures contracts, Options contracts, and Cleared OTC Swap contracts on Mexican financial benchmarks in foreign exchange, equity, and interest rate products. For more information consult www.mexder.com.mx.
About CMA Markets
CMA is a Brazilian multinational company, which has been active in the development of high-tech solutions for the financial and commodities, education, telecommunications and data center markets since 1973. The is headquartered in Brazil, where there are 9 branch offices. CMA has customers in 35 countries and offers additional branch offices in the United States, Latin America, and Europe.