CHICAGO, Jan. 17, 2017 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, announced
today that it cleared a record 1 trillion in Mexican peso (MXN)
interest rate swaps in a single day, January
12, 2017, an equivalent of more than $47 billion in notional value. January 12 cleared notional surpassed the
previous record of MXN 659 billion ($32
billion) set on December 16,
2016.
"We are pleased that global market participants continue to turn
to our OTC cleared swaps solution as their preferred venue to clear
Mexican Peso TIIE swaps," said Sean
Tully, CME Group Global Head of Financial and OTC
Products. "We continue to strive to provide efficiencies to
this important marketplace, including the first cleared MXN
compression cycle through TriOptima TriReduce, which removed more
than 33,000 line items and reduced gross notional by MXN 6.23
trillion ($331 billion) on market
participants' balance sheets."
CME Clearing began offering Mexican peso interest rate swaps
clearing in 2013. To date, nearly 120 market participants
have cleared MXN swaps at CME, with a cleared notional of over MXN
57 trillion ($3.1
trillion).
CME Group offers a global OTC clearing solution by offering the
broadest IRS product scope with 19 cleared currencies
available. More information can be found at
www.cmegroup.com/otc.
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) is where the world comes to manage
risk. CME Group exchanges offer the widest range of global
benchmark products across all major asset classes, including
futures and options based on interest rates, equity indexes,
foreign exchange, energy, agricultural products and metals.
Around the world, CME Group brings buyers and sellers together
through its CME Globex® electronic trading platform and its
exchanges based in Chicago,
New York and London. CME
Group also operates one of the world's leading central counterparty
clearing providers through CME Clearing and CME Clearing Europe,
which offer clearing and settlement services across asset classes
for exchange-traded and over-the-counter derivatives. CME
Group's products and services ensure that businesses around the
world can effectively manage risk and achieve growth.
CME Group is a trademark of CME Group Inc. The Globe Logo, CME,
Globex and Chicago Mercantile Exchange are trademarks of Chicago
Mercantile Exchange Inc. CBOT and the Chicago Board of Trade are trademarks of the
Board of Trade of the City of
Chicago, Inc. NYMEX, New York Mercantile Exchange and
ClearPort are registered trademarks of New York Mercantile
Exchange, Inc. COMEX is a trademark of Commodity Exchange,
Inc. All other trademarks are the property of their
respective owners. Further information about CME Group
(NASDAQ: CME) and its products can be found at
www.cmegroup.com.
CME-G
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SOURCE CME Group