Founded 1998 | ||
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The Mexican Derivatives Exchange (MexDer) is an options exchange in Mexico, located in the same building as the Mexican Stock Exchange and a subsidiary of the same owning group.
Contents
History
MexDer claims that its formation was first formally discussed in 1994. It actually began operations December 15th, 1998.
In September 1999, the Board of Directors of MexDer approved a project to create an electronic trading system. Before that time it had been operating as an open-outcry market. The new system, "SENTRA-DERIVADOS," was a client–server system using a TCP/IP network.
In March 2004, MexDer moved its electronic trading to the Spanish "S/MART" system.
Organization
MexDer has a typical corporate structure. It also authorizes special relationships with certain kinds of entities: