CME in talks with Mexican exchange - Future and Options Intelligence

CME in talks with Mexican exchange 08 Sep 2009

Bolsa Mexicana de Valores, the owner of Mercado Mexicano de Derivados (MexDer), has entered talks with CME Group, which could involve selling a minority stake in the BMV Group to the Chicago exchange. BMV said in a statement today (September 8) that it was conducting discussions of "a preliminary nature".

The talks centre around a number of “commercial arrangements” and “a possible minority equity component”.

“No preliminary or...

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“For Bolsa Mexicana it’s an excellent deal, because CME has about 150,000 terminals around the world and that will provide MexDer with an audience. For them to achieve 150,000 terminals can take many years if not even decades”

Bernardo Mariano, analyst at Equity Research Desk, on the talks between CME Group and the Mexican stock exchange

FOi - Futures and Options Intelligence

CME in talks with Mexican exchange 08 Sep 2009

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