MEX PB
Consolidated physical and net settlement
One settlement, through MEX PB, physical and net, in place of multiple correspondent arrangements.
1
Trade executes
Fills occur against the aggregated book on MEX ECN.
2
Positions net
Activity is netted across the member's flow.
3
MEX PB
One settlement, through MEX PB, physical and net.
4
Reporting
Post-trade and settlement reporting is delivered to member systems.
What changes for operations
One consolidated settlement replaces multiple bilateral flows. There are no bilateral settlement lines for the member to build, and net settlement is designed to enable consolidated flows across the corridor.