BT Radianz delivers connectivity to Mexican Derivatives Exchange

Source: BT Radianz

BT Radianz, a leading global provider of financial services connectivity, announced today that the Mexican Derivatives Exchange (MexDer), will enable access by foreign participants to its trading applications and market data services over the BT Radianz shared market infrastructure.

Through BT Radianz, financial institutions in the United States and Europe will be able to gain cost effective access to MexDer market data and Mex-FIX, a proprietary API for order generation. The agreement between BT Radianz and MexDer will allow for increased liquidity to the Exchange in support of the enhanced trade volume from foreign participants.

This enhanced trade volume is a result of recent legislation that permits foreign investors added flexibility when trading in the Mexican market; and allows MexDer to offer and sell futures contracts to US and International futures trading firms. The added activity as a result of these new regulations and access through the BT Radianz shared market infrastructure is expected to drive new revenues and attract a greater number of investors from around the globe.

Jorge Alegria, chief executive officer, Mexican Derivatives Exchange, said: "The Mexican Derivatives Exchange is increasingly seen by global players as an opportunity to diversify their listed derivatives product offering. By offering access to our market data and trading application over the expansive BT Radianz shared market infrastructure, MexDer is able to further increase our global presence. We see our relationship with BT Radianz as a cornerstone in the expansion of our services outside of Mexico."

Chris Church, executive vice president of Global Sales and Industry Relations at BT Radianz, said: "With the addition of the Mexican Derivatives Exchange customers can realize the cost-saving benefits of using the BT Radianz shared market infrastructure. BT Radianz facilitates investment decisions and distribution requirements by providing clients with flexible access to all critical financial information, execution services and global counterparties. This move further helps BT Radianz develop its expansion into emerging markets."

Along with MexDer, BT Radianz provides access to more than 40 execution venues around the world. The BT Radianz share shared market infrastructure consolidates all of a customer's exchange and market connectivity onto a single connection - saving money, time, circuits, equipment, maintenance, and management.

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