Meridy Cleary, from the FICC Market Structure & Liquidity Strategy team, talks with Juan Badia, the Head of Local Markets in Mexico, about the evolving landscape of Mexico’s FX and rates markets post-election. They explore the surge in electronic trading and the increasing allure of the Mexican peso for global investors. Key issues discussed include the shift toward T plus one settlement, the anticipated introduction of a new TA reference rate in 2025, and the disparity between the fully electronic FX market and the more traditional rates market.
