The 10-year old Mercado Mexicano de Derivados (MexDer), Mexicos derivative exchange, has made a global name for itself. Unlike many of its emerging market peers, the exchange has taken steps to enable international members to operate remotely. The legal, regulatory and technological moves required for remote trading make MexDer a leading example of how to promote derivatives trading despite a small local market and stalled IPO issuance.
"Back in 2004 the exchange was struggling. We have now...