Financial Times FT.com

MexDer in drive for overseas investors

By Adam Thomson in Mexico City

Published: September 16 2007 22:07 | Last updated: September 16 2007 22:07

The Mexican Derivatives Exchange, one of the world’s 10 leading derivatives exchanges by volume, intends to offer investors two new classes of contract as part of an aggressive drive to become a more mature and internationally oriented market.

MexDer, as the exchange is known, will offer investors interest-rate swaps on the country’s TIIE 28-day reference interest rate from Monday. The intention is to allow participants to hedge more effectively and therefore to gain safer access to the Mexican market.

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