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Monex Grupo Financiero

MONEX GRUPO FINANCIERO

With time, we have strongly penetrated into different markets. Monex has a solid positioning by being the country’s main Foreign Exchange Firm. Since its beginning in 1985, Monex Divisas focused its objective on the market of corporate companies with trading needs.

Monex Grupo Financiero is made up of three financial entities: Banco Monex (Bank), Monex Casa de Bolsa (Securities Brokerage) and Monex Operadora de Fondos (Mutual Funds), through which the following products are offered: Foreign Exchange Trading, Digital Accounts, Investment Funds, Exchange Market services (Money, Capital and Investment Banking), Trust Funds, Derivatives, International Investing, Letters of Credit, Loans with Pledge of Securities, Export factoring, Financing with Inventory Guarantee and the EXIm Bank Import.


On June, 2001, MONEX Institución Cambiaria’s main stockholders acquired CBI Casa de Bolsa and changed its corporate name to MONEX Casa de Bolsa, S.A. de C.V. on November 30th of that same year.


Monex Mutual Funds is a subsidiary company, incorporated on December 5th, 2001 and its main purpose is the administration and operation of the assets in Monex’s Mutual Funds.


On September 2003, Monex transfers its FX operations to Monex Casa de Bolsa.


On May 22, 2003, Monex was given the authorization to become Monex Grupo Financiero by the Mexican Ministry of Finance (Secretaría de Hacienda y Crédito Público), with 100% Mexican capital.


Monex Casa de Bolsa began to carry out Exchange Trading operations as a result of Banco de Mexico’s 4/2003 written announcement, in which it authorized to do so.


On August 15th, 2006, and with prior authorization from the Ministry of Finance, Monex Grupo Financiero acquires Comerica Bank México S.A., the Mexican banking subsidiary of Comerica Bank. With this transaction, Monex starts in the banking business.


In order to offer investment opportunities in international markets, Monex Casa de Bolsa owns a subsidiary in the US: Monex Securities Inc, which is authorized by the Financial Industry Regulatory Authority (FINRA) and by the Securities and Exchange Commission (SEC) of said country and is located in Houston, Texas.


Monex holds authorization from Banco de México to operate Futures and Derivatives. Additionally, it is authorized as a market maker in the Mexican Derivative Market.


Monex Derivatives counts on the support of a group of specialized professionals that allows them to, through Future contracts operated by MexDer, cover companies and investors against risks resulting from variations in currency, interest rate, stock market and stock instrument prices. 


On December 2007, Monex transferred FX operations from Monex Brokerage Firm to Bank Monex.


Monex has extensive national coverage, with 42 offices distributed in the country’s main cities, and has the necessary technology infrastructure to carry out transactions with any country in the World.


Integrity and professionalism are the values that define Monex and what has led us to work with the biggest national and foreign corporations in our country.