CME Group Clears Daily Record 1 Trillion in Mexican Peso Interest Rate Swaps 

CME Group

CME Group, the world’s leading and most diverse derivatives marketplace, announced today that it cleared a record 1 trillion in Mexican peso (MXN) interest rate swaps in a single day, January 12, 2017, an equivalent of more than $47 billion in notional value.  January 12 cleared notional surpassed the previous record of MXN 659 billion ($32 billion) set on December 16, 2016.

“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,” said Sean Tully, CME Group Global Head of Financial and OTC Products.  “We continue to strive to provide efficiencies to this important marketplace, including the first cleared MXN compression cycle through TriOptima TriReduce, which removed more than 33,000 line items and reduced gross notional by MXN 6.23 trillion ($331 billion) on market participants’ balance sheets.”

CME Clearing began offering Mexican peso interest rate swaps clearing in 2013.  To date, nearly 120 market participants have cleared MXN swaps at CME, with a cleared notional of over MXN 57 trillion ($3.1 trillion).


Source: CME Group

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