Mr. Guillermo Prieto Treviño, Chairman of the Mexican Stock Exchange, stated that "… the launching of exchange traded options in Mexico gives us a great sense of accomplishment, as it marks the culmination of two years of planning and development involving numerous people and institutions…". He also acknowledged the support received by this project from the financial authorities. Finally, he pledged the commitment of the derivatives exchange to develop a transparent and efficient options market.
The market for exchange traded options is built upon the institutional scaffolding provided by Asigna -the exchange's clearing and settlement arm--, the clearing members, Trading members and MexDer's partner, MEFF (Mercado Español de Futuros y Opciones Financieros).
Banco de Mexico's Governor, Mr. Ortiz, rang the opening bell for the listing of the options contracts on the IPC MEXBOL index. Daniel Hajj, CEO of América Móvil (AMX) did so for the options on the stock of this company; and Mario Laborín, CEO of Nacional Financiera -Mexico's largest development bank-- for the contract referred to its sponsored ETF, the Naftrac 02.
MexDer also announced that the next round of listings will add the contracts referred to Telmex L and Walmex V.
Mexico's exchange traded options market will use the S/MART® technology. MEFF provided this platform within the framework of the strategic alliance between MexDer and the Spanish derivatives exchange. Josep Basáñez, MEFF's CEO said: "Through our association with Mexico's derivatives market, the MEFF accepts the challenge to work very hard with our partners to develop new products and to establish an active link between our two markets". Numerous personalities attended the event, among others the president of Mexico´s Securities and Banking Commission, the Board of Directors of the Bolsa and the Board of Directors of MexDer.
MexDer
- Established in December, 1998
- Subsidiary of the Mexican Stock Exchange.
- Since 2001 it has shown double digit growth figures for its interest rate futures contracts.
- In 2003 doubled its trading volume (number of contracts). The open interest grew fourfold.
- Clearing and settlement corporation for the exchange traded derivatives market.
| Agency | Local Rating | International Rating |
| Fitch Rating | AAA (mex) | |
| Standard&Poor’s | mxAAA/mxA-1+ local currency | BBB-/A-3 foreign currency |
| BBB/A-2 local currency | ||
| Moody’s | AAA.MX | A1 |
