CHICAGO and MEXICO CITY, July 16, 2007 - Trading Technologies International, Inc. (TT) and Mexican Derivatives Exchange (MexDer) today announced TT will launch a gateway to connect its derivatives trading platform, X_TRADER® 7, to MexDer.
The gateway, which is targeted for production release in late 2007, will provide X_TRADER 7 users with the ability to trade futures and options on currencies, indices and single stocks plus futures on interest rates. Specific products include the Mexican Stock Exchange's Price and Quotation Index (IPC) futures and options, the M10 10-year fixed-rate bond futures and the TIIE 28 short-term interest rate futures contract.
Customers will have the option to host their trading gateways or connect to MexDer via gateways hosted by TTNET™, TT's fully managed hosting solution. Access through TTNET delivers optimal access, speed and reliability plus 24/7 end-to-end network monitoring and maintenance.
"Record growth and honors like FOW's Emerging Exchange of the Year award are drawing attention to MexDer. We believe our customers will welcome the opportunity to trade the products listed on this rapidly growing exchange," said Harris Brumfield, TT's CEO.
"Since we started our Internationalization project, we realized how important Trading Technologies was for the derivatives Industry. Many clients looking to participate in MexDer encouraged us to develop a business relationship with TT. Today we are delighted to have this relationship and to expand the access to MexDer through this leading platform," said Jorge Alegria, CEO of MexDer.
MexDer was ranked the world's fifth largest futures exchange according to volume in 2006, with nearly 275 million contracts traded. Also in 2006, MexDer's TIIE 28 short-term interest rate futures contract was cited as the year's fastest growing individual futures contract.
TT enables electronic trading of the world's major futures exchanges as well as OTC energy, foreign exchange, fixed income and other instruments. All TT gateways are accessible from TT's X_TRADER® order-entry software. The gateways also will connect through TT's X_TRADER API and FIX Adapter to third-party, proprietary and black-box trading applications.
About the Mexican Derivatives Exchange
MexDer, Mercado Mexicano de Derivados, S.A. de C.V., is the Mexican Derivatives Exchange which started operations on December 15th 1998, listing futures contracts on financial underlying assets. MexDer has had transcendental achievements over the last years, such as: a financial options market, regulatory changes, the abolition of the withholding tax scheme for overseas participants, omnibus accounts, and a remote access platform called MexFix which is based on the Financial Information eXchange protocol which allows direct access to our trading system to international clients with a remote membership.
Nowadays, MexDer is one of the top five growing futures exchanges worldwide in terms of trading volume according to the FIA.
Combining technology, liquidity, strength and reliability our market is able to offer to customers the leading marketplace for trading derivatives on Mexican benchmarks and one of the best alternatives of derivatives exchanges worldwide.
For more information please visit: www.mexder.com
About Trading Technologies
Trading Technologies (http://www.tradingtechnologies.com) develops high-performance trading software for derivatives professionals, including the world's premier exchanges, money-center banks, proprietary traders, securities brokers, Futures Commission Merchants (FCMs), hedge funds and other trading institutions. The company's X_TRADER® software and related services provide direct access to the world's major derivatives exchanges. X_TRADER 7.4, the current version of |
For MexDer:
Berenice Corral
MexDer
5255.5726.6829
bcorral@mexder.com
FOR TT
Ray Carmichael
Vivid Ascent
312.346.2002
ray@vividascent.com
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