Mexican Peso/U.S. Dollar Futures

One of the largest venues to trade listed MXN futures.

Now even stronger liquidity in European hours with over $2.1B notional traded each day.

Key Macro Facts

Mexico, the second-largest economy in Latin America and the 15th-largest economy in the world with nominal GDP of $1.2 trillion in 2019. The Mexican economy is expected to grow less modestly in 2019 (+1.6%) and 2020 (+1.9%). With the national elections behind, and the trilateral US-Mexico-Canada Agreement (USMCA) on trade completed, past uncertainty factors should fade, helping to support a further, albeit moderate, rebound in investment. Inflation is expected to continue trending downward to 3.8% in 2019 and 3.1% in 2020.

Key Stats

  • Record open interest on March 15 of 326,243 across futures and options
  • MXN average daily notional in June of $213 Billion (ADV 82,214)
  • Futures average open interest of 237,996 YTD June 2019, up 26% YoY vs 2018
  • Average daily open interest stands at over 200,000 contracts with growing participation from institutional traders

Key Features

  • Tight bid-ask spreads across all trading hours by dedicated market makers providing liquidity across all time zones.
  • Available on FX Link, the first electronic spread connecting the OTC FX and FX futures market.

Key capital efficiencies and margin offsets:

  • 30% savings with Brazilian Real (BRL/USD), Canadian Dollar (CAD/USD) and South African Rand (ZAR/USD)
  • 20% savings with Russian Ruble (RUB/USD)

MXN/USD ADV and Open Interest

Be Part of the Trend and Trade Mexican Peso Futures at CME Group

Available Now on the Platform You Want

Standard contract

Globex: 6M                 Bloomberg: PEA            Reuters: 0#MPSS:

Powered by CME Globex

Bringing together market participants and their liquidity, from pension funds to banks, from hedge funds to corporates, from 150+ countries nearly 24 hours a day, ready for market-impacting events

Transact with Flexibility

Choose a Block or an EFRP – where you can still privately negotiate your trades, but submit them directly into our clearing systems to free up credit lines and mitigate bilateral exposure – whether you are trading in Brazil or anywhere else in the world.

Get more details about blocks.

Reduce Risk and Manage Uncleared Margin Rule Changes

CME Group offers position-netting and capital and margin efficiencies with cleared OTC (including NDFs) and listed FX:

55 Futures, 24 Options, 26 CSFs and 12 NDFs.

Get Connected To The World’s Largest Regulated FX Marketplace

$100B of daily FX volume and the firm liquidity you need to manage FX risk – from rupee to rand.


Contract Specifications

Contract Unit 500,000 Mexican pesos
Trading Hours CME Globex: Sundays: 5:00 p.m. – 4:00 p.m. Central Time (CT) next day. Monday – Friday: 5:00 p.m. – 4:00 p.m. CT the next day, except on Friday – closes at 4:00 p.m. and reopens Sunday at 5:00 p.m. CT.
CME ClearPort: Sundays: 5:00 p.m. – 4:00 p.m. Central Time (CT) next day. Monday – Friday: 5:00 p.m. – 4:00 p.m. CT the next day, except on Friday – closes at 4:00 p.m. and reopens Sunday at 5:00 p.m. CT.
Minimum Price Fluctuation $.00001 per Mexican peso increments ($5.00/contract).
Product Code CME Globex: 6M
CME ClearPort: MP
Clearing: MP
Listed Contracts Thirteen consecutive calendar months plus 2 deferred March quarterly cycle contract months
Settlement Method Deliverable
Termination Of Trading 9:16 a.m. Central Time (CT) on the second business day immediately preceding the third Wednesday of the contract month (usually Monday).
Settlement Procedures Physical Delivery
Mexican Peso Futures Settlement Procedures
Position Limits CME Position Limits
Exchange Rulebook CME 256
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Contract Unit One futures contract for 500,000 Mexican pesos
Minimum Price Fluctuation 0.00001 per Mexican peso increment = $5.00
Price Quotation U.S. dollars and cents per Mexican peso increment
Trading Hours CME Globex: Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
CME ClearPort: Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET).
Open Outcry: 7:20 a.m. – 2:00 p.m. Central Time (CT)
Product Code CME Globex: 6M
CME ClearPort: MP
Open Outcry: MP
Clearing: MP
Listed Contracts Monthly contracts listed for 12 consecutive months
Settlement Procedures Option on physical delivery futures contract
Termination Of Trading Trading terminates at 9:00 a.m. CT on the second Friday prior to the third Wednesday of the contract month.
Position Limits CME Position Limits
Exchange Rulebook CME 256A
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Exercise Style European style. Auto-exercised against CME Group FX Fixing Price; no contrary instructions allowed.
In-the-money (ITM) strikes exercised. Out-of-the-money (OTM) strikes abandoned.
An option is ITM if the CME Group FX Fixing Price for the underlying futures contract is equal to or above the strike price in the case of a call or below the strike price in the case of a put.
Settlement Method Deliverable
Underlying Mexican Peso Futures

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