(September 6 – 16:15 ET) – Spain’s MEFF — The Spanish Futures and Options Exchange — becomes the sixth international partner to join the GLOBEX Alliance linking financial exchanges across the globe. MEFF Chairman Josep M. Basanez signed the agreement today enlarging the global trading link providing access to many of the world’s most actively traded financial futures products.
MEFF new partners include the Chicago Mercantile Exchange (CME), ParisBourse(SBF)SA, the Singapore Exchange (SGX), the Bolsa Mercadorias & Futuros of Brazil (BM&F) and the Montreal Exchange.
Under the GLOBEX Alliance, members of each exchange will benefit from trading privileges and direct access to the electronically traded products of all of the Alliance markets through one single technical access point, along with cross-margining of positions in order to reduce the capital requirements of their customers and members. Alliance members are also establishing a harmonized set of electronic trading rules and policies.
“I am very pleased that MEFF will be able to offer very soon to the Spanish investors and the whole financial community, access to the world’s most active derivatives markets and their most widely traded products. In turn, I am sure that the members of our GLOBEX? Alliance partners will benefit from the access they are gaining to our Spanish and European based products,” said Basanez, at the signing of the agreement.
-IE Staff