International Marketplace Group derivatives announced today that it will launch the e-mini S&P BMV IPC Futures, awaiting regulatory review.
The S&P BMV IPC index, the main Mexican stock index, provides a wide exposure to the stock market and monitors the most liquid stocks listed at the Bolsa Mexicana de Valores (BMV).
“The Futures Index of the E-MINI S&P BMV IPC will provide market participants a more effective way of accessing Mexico’s overall stock market performance through a future contract for future fulfillment,” said Paul Woolman, a worldwide Head of CME Group’s share products. “Market participants investing in Latin America’s stock markets will now have another tool to broaden their commercial strategies and possibly benefit from the intersection with other CME Group reports, including the stock rates and interest rates.”
“Through its long -term cooperation with CME and BMV indicators, S&P Dow Jones are excited to extend the use of its indicators in global financial markets, serving as basic building blocks to support a healthy and humid ecosystem of products that are monitored by the trustees.” of the capital markets in S&P Dow Jones. “The S&P/BMV IPC index is one of the oldest investment indicators in Latin America and is used by both local and international market participants to monitor the performance of the Mexican market market.”
“The CME Group’s Global Reach brings international visibility to the S&P/BMV IPC index, reinforcing its role as Mexico’s shares header,” said Jorge Alegría, chief executive of BMV Group. “This strategic initiative aims to provide significant benefits to our domestic cash and derivative markets, connecting liquidity and improving the depth of the market.
The contract will be expressed in Pesos in Mexico and will be registered and subject to the rules of CME.