CME Group Completes Primary Conversion of 28-Day TIIE Interest Rate Swaps for Mexican Market
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CME Group has completed the conversion of 28-day TIIE interest rate swaps to F-TIIE overnight index swaps, enhancing liquidity in the Mexican derivatives market. This shift aligns with global best practices by moving to a risk-free rate based on overnight repo transactions.
November 25, 2024 | 8:00 pm
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CME Group has converted $2 trillion in 28-day TIIE swaps to F-TIIE OIS, enhancing liquidity in the Mexican derivatives market and aligning with global best practices.
The successful conversion of a large volume of swaps to a new benchmark enhances CME Group's position in the derivatives market, potentially increasing trading volumes and investor confidence.
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