MEFF, the Spanish derivatives exchange, says Merrill Lynch International has joined as a clearing member in London; Geneva Ireland Financial Trading Ltd as a proprietary trading member in Dublin; Jump Trading LLC as a proprietary trading member in Chicago; and Trading Sistemático de Valores as a proprietary trading member in Barcelona.
MEFF offers futures and options on interest rates and stock exchange indices on its electronic trading system (S/MART), and futures and options on individual shares. From 1 January this year, MEFF authorized a new membership category called Proprietary Trading Members, to add liquidity to its markets.
In 2003 MEFF reached a strategic agreement with the Mexican derivatives exchange, MEXDER, on the creation of an options market in Mexico using MEFF technology. This is the same technology used since 1998 in the electronic trading platform of the Hanover derivatives exchange in Germany.
MEFF, AIAF and SENAF are parts of the mF Group which – together with the Spanish Stock Exchanges and IBERCLEAR – make up the Spanish Exchanges Group (BOLSAS Y MERCADOS ESPAÑOLES).