On 1 October, the Chicago Mercantile Exchange (CME) began listing monthly expirations for Mexican peso futures and options contracts. The CME will list 13 consecutive calendar month expirations for the physically delivered Mexican peso futures contract, plus the two deferred March quarterly contract months. For peso options, nine calendar months will be listed for trading. Monthly and weekly options on peso futures will exercise into monthly, rather than March quarterly cycle, Mexican peso futures.
Merc officials say customers of the exchange-traded contracts have indicated that Mexican corporate treasurers prefer matched monthly maturities of cash and derivative instrument hedges. Each futures contract is sized at 500,000 New Mexican pesos