19 January 2017
Reporter: Drew Nicol

CME boasts record-breaking peso IRS activity

Derivatives marketplace CME Group achieved a record-breaking January trading day by clearing more than MXN 1 trillion (USD 45.53 billion) interest rate swaps (IRS) in a single session.

On 12 January, CME Group cleared notional surpassed the previous record of MXN 659 billion (USD 30 billion) set on 16 December 2016.

The firm began offering Mexican peso IRS clearing in 2013. To date, nearly 120 market participants have cleared MXN swaps at CME, with a cleared notional of over MXN 57 trillion (USD 2.59 trillion).

CME offers over-the-counter (OTC) clearing for IRS products in 19 currencies in total.

Sean Tully, CME Group global head of financial and OTC products at CME Group, said: “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.”

"We continue to strive to provide efficiencies to this important marketplace, including the first cleared Mexican peso compression cycle through TriOptima TriReduce, which removed more than 33,000 line items and reduced gross notional by MXN 6.23 trillion (USD 283 billion) on market participants' balance sheets."

More swaps news
The latest news from Securities Lending Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
J.P. Morgan and Citi collaborate on truePTS post-trade platform
15 December 2017 | New York | Reporter: Zsuzsa Szabo
The New-York-based startup processes ecosystem for the global $700 trillion derivatives market
Eurex Clearing secures five signups for its OTC partnership programme
05 December 2017 | Frankfurt | Reporter: Zsuzsa Szabo
BGC Partners, Bloomberg, TP ICAP Group subsidiary i-Swap, Tradeweb and, Tradition’s Trad-X are on track to become approved platforms as part of the Eurex Clearing partnership programme
NEX boasts major client growth for collateral management service
28 November 2017 | New York | Reporter: Drew Nicol
NEX Optimisation has secured more than 100 clients for its collateral management service, triResolve Margin
Eurex introduces fresh fixed income hedging tools
16 November 2017 | Frankfurt | Reporter: Drew Nicol
The Deutsche Boerse Group noted significant end-user demand for European-listed fixed income ETF options, with institutional investors in Europe ready to migrate from US-listed options once the options are listed
LCH migrates to new Swiss reference rate
18 October 2017 | Zurich | Reporter: Jenna Lomax
Basler Kantonalbank, Credit Suisse and Zürcher Kantonalbank are due to be among the first financial services to clear using the new rate from December 2017
Tradeweb launches first electronic swaption trade on TW SEF
17 October 2017 | New York | Reporter: Jenna Lomax
The trade, which was executed by asset management firm, Garda Capital, and processed through MarketWire, officially marked the launch of swaptions trading on the TW SEF
Eurex Clearing launches partnership programme
09 October 2017 | Frankfurt | Reporter: Theo Andrew
The programme plans to build a “balanced ecosystem”, responsible for aligning responsibilities and benefits related to economics and governance, bringing “greater choice and transparency” to the market