CHICAGO and MEXICO CITY, July 16 -- Trading Technologies International, Inc. (TT) and Mexican Derivatives Exchange (MexDer) today announced TT will launch a gateway to connect its derivatives trading platform, X_TRADER® 7, to MexDer.
The gateway, which is targeted for production release in late 2007, will provide X_TRADER 7 users with the ability to trade futures and options on currencies, indices and single stocks plus futures on interest rates. Specific products include the Mexican Stock Exchange's Price and Quotation Index (IPC) futures and options, the M10 10-year fixed-rate bond futures and the TIIE 28 short-term interest rate futures contract.
Customers will have the option to host their trading gateways or connect to MexDer via gateways hosted by TTNET(TM), TT's fully managed hosting solution. Access through TTNET delivers optimal access, speed and reliability plus 24/7 end-to-end network monitoring and maintenance.
"Record growth and honors like FOW's Emerging Exchange of the Year award are drawing attention to MexDer. We believe our customers will welcome the opportunity to trade the products listed on this rapidly growing exchange," said Harris Brumfield, TT's CEO.
"Since we started our Internationalization project, we realized how important Trading Technologies was for the derivatives Industry. Many clients looking to participate in MexDer encouraged us to develop a business relationship with TT. Today we are delighted to have this relationship and to expand the access to MexDer through this leading platform," said Jorge Alegria, CEO of MexDer.
MexDer was ranked the world's fifth largest futures exchange according to volume in 2006, with nearly 275 million contracts traded. Also in 2006, MexDer's TIIE 28 short-term interest rate futures contract was cited as the year's fastest growing individual futures contract(1).
TT enables electronic trading of the world's major futures exchanges as well as OTC energy, foreign exchange, fixed income and other instruments. All TT gateways are accessible from TT's X_TRADER® order-entry software. The gateways also will connect through TT's X_TRADER API and FIX Adapter to third-party, proprietary and black-box trading applications.
About the Mexican Derivatives Exchange
MexDer, Mercado Mexicano de Derivados, S.A. de C.V., is the Mexican Derivatives Exchange which started operations on December 15th 1998, listing futures contracts on financial underlying assets. MexDer has had transcendental achievements over the last years, such as: a financial options market, regulatory changes, the abolition of the withholding tax scheme for overseas participants, omnibus accounts, and a remote access platform called MexFix which is based on the Financial Information eXchange protocol which allows direct access to our trading system to international clients with a remote membership.
Nowadays, MexDer is one of the top five growing futures exchanges worldwide in terms of trading volume according to the FIA.
Combining technology, liquidity, strength and reliability our market is able to offer to customers the leading marketplace for trading derivatives on Mexican benchmarks and one of the best alternatives of derivatives exchanges worldwide.
For more information please visit: http://www.mexder.com/
About Trading Technologies
Trading Technologies (http://www.tradingtechnologies.com/) develops high- performance trading software for derivatives professionals, including the world's premier exchanges, money-center banks, proprietary traders, securities brokers, Futures Commission Merchants (FCMs), hedge funds and other trading institutions. The company's X_TRADER® software and related services provide direct access to the world's major derivatives exchanges. X_TRADER 7.4, the current version of TT's high performance trading platform, was named "Innovation of the Year" by FOW magazine in June 2007. TTNET(TM), TT's fully managed hosting solution, delivers maximum system stability and fast trade execution via hubs located close to the major exchanges in Chicago, New Jersey, London, Frankfurt, Singapore and Tokyo. Headquartered in Chicago, Trading Technologies maintains a worldwide presence with offices in New York, Houston, London, Geneva, Frankfurt, Singapore, Hong Kong, Tokyo and Sydney. In 2004, Trading Technologies was named the best technology company to work for in Chicago by Chicago magazine and ranked third among all Chicago area employers. In 2006, TT received the prestigious Lighthouse Award from the Illinois Information Technology Association (ITA) as the leading technology company in Illinois.
Source: Trading Technologies International, Inc.
Drew Mauck of Strategics,
for Trading Technologies International, Inc.;
or Berenice Corral of MexDer,
+5255 5726 6829,
Web site: http://www.tradingtechnologies.com/