Record Breaking Month for BRL and MXN Swap Clearing at CME

Over 100 Market Participants have cleared Latin American IRS at CME

CME’s Brazilian Real CDI and Mexican TIIE swap clearing solution averaged a combined $15 billion in USDE volume in September, a record for both currencies ($10 billion in MXN and $5 billion in BRL).

  • Liquidity: over 75 buy-side participants across MXN and BRL sourcing liquidity from 30 global dealers
  • Capital Efficiencies: CME is the only clearinghouse. to run a cleared MXN IRS triReduce cycle, reducing $331 billion in outstanding notional
  • Regulatory Certainty: with Banco de México’s recognition of CME Clearing as a foreign central counterparty, 9 Mexican entities are already clearing swaps at CME

About CME Group

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