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Bank
monex.com.mx

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Investments

2

Partners & Customers

1

About Banco Monex

Banco Monex provides banking products and services in Mexico. The company operates through Currencies, Stock Market Products, International, Derivatives, Credit and Funding, and Trust Services segments.

Banco Monex Headquarter Location

Av. Paseo de la Reforma No.284 Piso 15, Colonia Juarez

Mexico City, 06600,

Mexico

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Latest Banco Monex News

FX Volumes Rebound at CLS Group in September, But Lag YoY

Oct 21, 2020

Foreign exchange settlement provider  CLS Group  saw strong volumes in September 2020 as investors flocked again to safe-haven assets amid violent market swings on fears of a coronavirus-fueled global recession. The average daily traded volume submitted to CLS was $1.78 trillion in September 2020, up eight percent month-over-month from $1.64 trillion in August 2020 . Across a yearly timetable, the figure was down three percent relative to September 2019’s figure of $1.84 trillion. At a currency pair level, the increase can be attributed to a significant surge in volumes for the following currency pairs: EURUSD, GBPUSD, USDCAD and AUDUSD, the company said. CLS reported swaps volumes at $1.25 trillion in September 2020, up from $1.18 trillion in August 2020, a rise of five percent month-over-month. However, the figure was lower by seven percent year-over-year from $1.34 trillion a year ago. Global FX swap volumes surged to nearly $3.2 trillion per day and now account for almost half of global FX trading, according to the  Bank for International Settlements’ latest survey,  mirroring a pick-up in the spot market and reflecting strong trends in OTC sectors. Suggested articles Banco Monex joins CLS In terms of CLS’ spot FX volume, the group has reported the figure at $427 billion in September 2020, up 11 percent relative to $384 billion in the month prior. The figure was also higher by five percent over a yearly basis from the $406 billion set in 2019. The mixed performance was again pronounced across CLS forwards business, which yielded a figure of $108 billion last month, up 40 percent over a monthly basis, and was also up 15 percent year-over-year from $94 billion in September 2019. “The increase in FX spot volumes in September is consistent with the historical average increase observed between August and September. We generally see a slowdown in the FX market in August before the activity picks up in September supported by the IMM date, said CLS’s Head of Information Services, Masami Johnstone. CLS Group, which provides risk mitigation and settlement services for FX dealers and institutions, has recently welcomed Mexican lender Banco Monex as a third-party participant of CLSSettlement. With this, Banco Monex becomes the first Latin American third-party service provider of CLS’s payment-versus-payment (PvP) FX settlement service. Share this article

Banco Monex Investments

2 Investments

Banco Monex has made 2 investments. Their latest investment was in Magaluf as part of their Loan on June 6, 2020.

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Banco Monex Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/15/2020

Loan

Magaluf

$210M

Yes

1

8/25/2017

Loan

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$99M

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10

Date

6/15/2020

8/25/2017

Round

Loan

Loan

Company

Magaluf

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Amount

$210M

$99M

New?

Yes

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Co-Investors

Sources

1

10

Banco Monex Partners & Customers

1 Partners and customers

Banco Monex has 1 strategic partners and customers. Banco Monex recently partnered with AppDome on December 12, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

12/9/2020

Vendor

AppDome

United States

Global Foreign Exchange Bank Chooses Appdome to Secure its FX Trading App

Appdome and its Mexico City-based partner , Incident Response Team SA de CV Shield Force , worked with the Monex infosec team during an extensive proof of concept period .

3

Date

12/9/2020

Type

Vendor

Business Partner

AppDome

Country

United States

News Snippet

Global Foreign Exchange Bank Chooses Appdome to Secure its FX Trading App

Appdome and its Mexico City-based partner , Incident Response Team SA de CV Shield Force , worked with the Monex infosec team during an extensive proof of concept period .

Sources

3

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