CME Group, the world’s leading derivatives marketplace, today announced it will launch E-Mini S&P BMV IPC Index futures, pending regulatory review.
The S&P BMV IPC Index, Mexico’s main equity index, provides broad exposure to the Mexican equity market and tracks the most liquid stocks listed on Bolsa Mexicana de Valores (BMV).
“Our E-mini S&P BMV IPC Index futures will offer market participants a more efficient way to access the Mexican equity market’s overall performance via a single futures contract,” said Paul Woolman, Global Head of Equity Products at CME Group. “Market participants investing in Latin American equity markets will now have another tool to broaden their trading strategies and potentially benefit from cross-margining with other CME Group benchmark financial products, including equity index, interest rates and FX.”
“Through its longstanding collaboration with CME Group and BMV, S&P Dow Jones Indices is excited to expand the utilization of its indices in global financial markets, serving as essential building blocks to support a healthy and liquid ecosystem of products that are tracking its trusted benchmarks,” said Tim Brennan, Global Head of Capital Markets at S&P Dow Jones Indices. “The S&P/BMV IPC Index is one of the oldest investable indices in Latin America and is used by both local and international market participants to track the performance of the Mexican equities market.”
“CME Group’s global reach brings international visibility to the S&P/BMV IPC Index, reinforcing its role as Mexico’s flagship equity benchmark,” said Jorge Alegría, Chief Executive Officer at BMV Group. “This strategic initiative aims to deliver meaningful benefits to our domestic cash and derivatives markets by connecting liquidity pools and improving market depth. It will strengthen Mexico’s role in the global financial ecosystem and support the continued growth of our markets.”
The contract will be denominated in Mexican pesos and will be listed on and subject to the rules of CME. For more information, please visit: cmegroup.com/ipc.
