Mexico Opens Derivatives Exchange Launching Peso Futures Contracts

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MEXICO CITY--MexDer, the first Mexican derivatives exchange, officially opened for business at the end of last month. The new exchange may be set to rival the Chicago Mercantile Exchange's (CME) domination of the Mexican peso futures market.

MexDer's peso currency futures are denominated in the Mexican currency. This marks a distinct difference from the peso contracts that are listed on the CME, where profit and loss is determined in US dollars.

The exchange is also planning to launch peso-den

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