Derivatives marketplace operator CME Group Inc (NASDAQ:CME) has announced 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…
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Widely reported on mainstream media outlets was the billions lost during the U.S. election day sell-off by the world's richest people. The UK's Sun has reported in particular and in a joking way, that Mexico's richest people have lost enough money since the U.S. election to build Donald Trump’s proposed border wall. The world’s richest people…
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After returning to normal most currency pairs following last week's US election, FCA and CySEC licensed Retail Forex broker FxPro has sent a note out to clients, indicating that it is also loosening margin requirements to 'normal' for Mexican Peso and Swiss Franc currency crosses. Given the heavy volatility in the Peso following Donald Trump's…
Read moretrueEX, the first exchange approved by the Commodity Futures Trading Commission (CFTC) as a Designated Contract Market (DCM) for swaps has created another industry innovation with the execution of the first dealer to client Mexican peso (MXN) interest rate swaps trades on its award-winning platform. Societe Generale Corporate and Investment Bank (SGCIB), and undisclosed institutional investors…
Read moreMexican Peso, Russian Ruble, and Turkish Lira all experiencing renewed weakness as emerging market currencies deteriorate in risk-off trading...
Read moreMexico's domestic economy continues to thrive with high manufacturing and oil output and a low commitment to the IMF, with very low external debt. The nation's central bank therefore auctions $52 million per day for three months, to stabilize the peso's value. Yesterday's auction shows steady month for the Mexican currency
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