MexDer taps RTS for CME order routing

Source: RTS Realtime Systems Group

RTS Realtime Systems Group, a leading global trading solutions provider, and MexDer, the Mexican Derivatives Exchange, announced today that the exchange has selected RTS to provide the open architecture technology solution that will enable the South-to-North order routing component of the exchange's alliance with CME Group.

Scheduled for launch next year, the exchange partnership announced in March includes plans to allow members of MexDer to route orders to CME Group under a South-to-North order routing arrangement. RTS' technology solution will enable open access to CME Group markets to all participants connected to MexDer via their existing trading screens or APIs. The CME Group partnership with MexDer's parent, the Bolsa Mexicana de Valores, also will enable CME Group participants to use the CME Globex electronic trading platform to route orders to MexDer.

RTS has provided the official next generation front-end for MexDer members in Mexico since early 2009. The firm will leverage industry-standard FIX protocol technology to make CME Group markets available to MexDer members, allowing them to receive market data and route orders via their current front-end system to CME Globex.

Said Timo Pentner, RTS Managing Director, Americas: "We're proud to expand on our very successful partnership with MexDer and to support this important alliance between CME Group and the Mexican exchange. By seamlessly integrating CME Group markets into MexDer's current distribution network, we're making access very easy for market participants. They can simply use their existing trading screens or API to reach all CME Group markets, including futures and options on interest rates, foreign currencies, equity indexes, energy, metals and agricultural commodities."

Jorge Alegría, MexDer CEO, said: "Opening CME Group products to local participants, through the same trading platform they use currently, will soon enable participants to easily use electronic access to trade all products listed on CME Group including commodities and agricultural products. This solution provides members and customers the opportunity to broaden their trading activities without additional effort."

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