Mexican Capital Markets: Technology Drivers and Trends

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21 January 2015


Mexico is one of the leading Latin American capital markets. Its relatively large economy, and its proximity to the US and Canadian markets give it a unique position in the region. It has benefited from regular investment by some of the leading global financial institutions.

The market is tightly regulated, and foreign financial institutions and vendors have to keep a close eye on regulatory developments and changes. Regulatory emphasis on risk management means domestic midsize and small brokerages and buy side firms are looking for more sophisticated trading platforms and risk management systems.

In the report Mexican Capital Markets: Technology Drivers and Trends, Celent evaluates the recent development of the Mexican capital markets. The Mexican capital markets are moving toward a more electronified and centralized trading and post-trade environment. Similarly, reforms in the pension fund market and OTC derivatives markets are going to encourage adoption of more advanced technology.

The overall market for IT spending will grow from US$869 million in 2013 to US$1.1 billion in 2017 at a CAGR of 6.7%. The factors for growth include the higher use of cross-asset platforms, greater integration of Mexican markets within the Americas, rationalization of legacy systems, a greater role for SaaS deployment, and big data and analytics.

“Mexico is one of the important capital markets in the region,” says Dr. Anshuman Jaswal, a senior analyst with Celent’s Securities & Investments practice and author of the report. “It has benefited from a regulatory emphasis on improvement of market infrastructure, for the purpose of making it both more competitive and more attractive to foreign financial institutions and vendors.”

This is the third of a three-report series. The first provided an introduction to some of the leading capital markets, namely, Brazil, Mexico, Colombia, and Chile, and compared them across parameters such as market and socioeconomic indicators, and size distribution of local brokerage and asset management firms. In this report, Celent looks at the Mexican market and provides an overview of the leading sell side and buy side players, market trends and characteristics, important market drivers, and IT spending estimates. The second report undertakes a similar study for the Brazilian market.