Mercado Mexicano de Derivados will list deliverable versions of its two year and 10 year interest rate swap futures, as part of its efforts to lure over-the-counter trading to the exchange.
Luis Acevedo, MexDer’s chief operating officer, told Futures and Options Intelligence that the Mexico City-based exchange would launch a deliverable two year swap futures contract based on the Tasa de Interés Interbancaria de Equilibrio (TIIE 28), Mexico’s short-term interest rate in “the next two to four months”. The exchange subsequently announced a similar move for the 10 year contract, though it did not give any timing.MexDer already lists...