The Wall Street Journal reports on the potential for high-frequency trading of the dollars futures contract on the Mexico derivatives market, MexDer, in the next months. Foreign investors, in particular, will bring this trading to Mexico. Mex Der is the second largest exchange in Latin America.

Yesterday, the Chicago Mercantile Exchange (CME) and MexDer announced their north-to-south routing agreement. U.S. customers will now be able to access MexDer’s derivatives contracts, and Mexican investors can access the foreign currencies, equity index, commodities and other benchmark derivatives contracts under CME.

CME is considered one of the most diverse derivatives markets in the world. The market entered its second stage of north-south order routing, which began in April, bonding with the Mexican market.

In a statement, Phupinder Gill, CME’s president, said, “Mexico is the 13th largest economy in the world and we continue to look for opportunities to provide our customers around the world with the broadest and most diverse range of globally-relevant products to help them manage their risk.”

At a news conference, Jorge Alegria, the chief executive of MexDer, said that foreign investors are most interested in futures on Mexican fixed-rate government bonds and on the benchmark PC index of the stock market. MexDer’s dollar futures contract is also attracting attention from investors, the news source reports.