- BOX News
Asigna, The Mexican Derivatives Exchange (Mexder) Clearing House, And The Options Industry Council Sign Licensing Agreement To Provide Options Education In Mexico
Chicago—December 8, 2009
Asigna, The Clearing House of MexDer, the Mexican Derivatives Exchange, and The Options Industry Council (OIC), a world leader in options education based in Chicago, announced today that they have entered into a licensing agreement to develop an educational program for Mexican investors and financial advisors.
This is the first educational collaboration for OIC in Latin America. As the Mexican marketplace has grown, so has the demand for new products such as options. With the help of MexDer, Asigna will deliver options education based on OIC’s content for investors and advisors mainly through live seminars and access to website material from www.optionseducation.org.
“Working with Asigna illustrates that international interest in the U.S. options market continues to expand,” said Gina McFadden, OIC President. “Through our partnership with Asigna, OIC can now reach Latin American investors with the important initial step to understanding the benefits and risks of options.”
“This agreement with OIC is an extension of various efforts of MexDer and Asigna to increase awareness and use of Mexico's financial and listed derivatives markets. We believe OIC's broad experience in the industry will help to promote the advantages of using listed financial options instruments for hedging," said Luis Téllez, Chairman of MexDer and Asigna.
OIC is an industry cooperative funded by the Boston Options Exchange, Chicago Board Options Exchange, International Securities Exchange, NASDAQ OMX PHLX, NASDAQ Options Market, NYSE Amex Options, NYSE Arca Options, and The Options Clearing Corporation. OIC was formed in 1992 to educate investors and their financial advisors about the benefits and risks of exchange-traded equity options. OIC's resources include: The Options Industry Services Help Desk at 1-888-OPTIONS, educational Web sites at www.OptionsEducation.org, www.OptionsEducation.org/advisor and www.OICoptions.com, evening seminars throughout the continental United States and Canada, instructional DVDs and educational literature and software.
Asigna is the Clearing House of MexDer, the Mexican Derivatives Exchange which is the leading market place for trading derivatives in Mexican benchmarks. This market lists futures and options on a variety of financial instruments, including the Mexican Peso, the IPC stock index, interest rates and individual stocks. The Clearinghouse plays a crucial role, because it becomes the counterparty and thus the guarantor of all the financial obligations involved in trading derivative contracts. As an institution, it has earned the highest credit rating from all three leading rating agencies. Web sites at www.asigna.com.mx and www.mexder.com 1866MEXDER1.
|The Options Industry Council
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