RTS Realtime Systems To Provide Open Architecture Technology To Enable Order Routing From Mexican Derivatives Exchange to CME Group Markets
Agreement Builds on Existing Partnership between RTS and MexDer
CHICAGO and MEXICO CITY, Nov. 3, 2010 /PRNewswire/ -- 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 Alegria, 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."
About RTS Realtime Systems Group
RTS delivers high-performance, end-to-end technology products and services across asset classes and continents to elite financial institutions. The firm is one of the world's leading providers of ultra-low latency, high frequency, robust algorithmic trading solutions. RTS offers standardized low latency connectivity gateways to 120+ exchanges and execution venues worldwide. In addition, the firm provides proximity hosting and co-location services for high-speed, ultra-low latency access to more than 65+ venues via its global data center network. RTS has offices in Amsterdam, Chicago, Frankfurt, London, New York, Singapore and Sydney. For more information, please visit www.rtsgroup.net.
About MexDer
MexDer (www.mexder.com.mx), Mercado Mexicano de Derivados, S.A. de C.V., is the Mexican Derivatives Exchange. MexDer lists futures and options on a variety of financial instruments, including the Mexican Peso, the IPC stock index, interest rates and individual stocks. MexDer was named Emerging Exchange of the Year by FOW Magazine in 2007.
In 2010, CME Group and MexDer signed a strategic partnership that includes order routing for derivatives products as well as an agreement to pursue potential joint initiatives including product development, marketing and customer education as well as clearing opportunities.
SOURCE RTS Realtime Systems Group
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