CME Group Completes Primary Conversion of 28-Day TIIE Interest Rate Swaps for Mexican Market

90,000 swaps converted to Banco de México's F-TIIE risk-free rate Shift brings greater liquidity to developing derivatives market CHICAGO, Nov. 25, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that it successfully converted approximately 42 trillion pesos (the equivalent of $2 trillion) in outstanding notional open interest from 28-day TIIE swaps to corresponding F-TIIE overnight index swaps (OIS) on November 22.In alignment with global best practices, the ne ...