Electronic Trading and Mexican Peso

[opalacios]

Trends of electronic FX market

Hi, I want to know if somebody could help me in answering how do you see the trends of electronic and Internet FX trading in general for the next years, and I have another question, do you think the mexican peso follows the same trend?
Thank you

 

[Depth Trade]

The Mexican peso is extremely hard to trade, it is like trading the Canadian $. The Mexican markets are so closly correlated to the USA markets that it like trading a 'mirrior' of the USD. As compared to if you were trading it against the Jpy or Eur.

The best way to trade it, would be to trade a few USD pairs along with MXN, or trade a few MXNs pairs, which are not available.
Plus, Mexican markets/data is not as evolved, so it could be hard to find all the data you need to trade it accordingly.

Depth Trade

 

[Moneycat]

IB is expected to add MXN to their IDEALPRO platform "soon".