We provide comprehensive MXN F-TIIE OIS and MXN F-TIIE vs SOFR pricing, with MXN F-TIIE-based Swaptions and Cap/Floor surfaces set to launch in the coming weeks.

Our data is sourced directly from Tradition, the most active interdealer broker in the MXN dealer-to-dealer (D2D) market, based on reported SEF trades. This gives you access to comprehensive coverage across MXN and other LATAM markets, empowering your trading and decision-making processes.

The Mexican swaps market recently transitioned from the 28-day MXN TIIE (Tasa de Interés Interbancaria de Equilibrio) benchmark to the one-day MXN F-TIIE (Tasa de Interés Interbancaria de Equilibrio de Fondeo, or Funding TIIE) OIS rate. This move has driven increased demand for new datasets to support evolving market requirements.

The shift to F-TIIE aligns with the global trend of adopting risk-free rates (RFRs), aimed at enhancing transparency and robustness in financial markets. The MXN swaps market, estimated at several hundred billion USD in notional value, now ranks as the eighth-largest swaps market globally.

Although the migration to MXN F-TIIE had been planned for months, the actual transition happened abruptly, driven by the CME’s conversion to MXN F-TIIE on November 25th. This sudden change required rapid adjustments in trading and market data processes.
We ensure that our customers are fully armed with the MXN F-TIIE datasets they require to succeed.

Interest rate swaps
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Interest Rate Swaps

Comprehensive interest rate swap coverage for multiple currencies.

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