Monex Grupo Financiero is made up of three financial entities: Banco Monex (Bank), Monex Casa de Bolsa (Brokerage Firm) and Monex Operadora de Fondos (Mutual Funds), through which we offer the following products: International currency Exchange and Payments, Corporate Credits, Multicurrency Digital Account, Investment Funds, Exchange Market Operations (Money, Stocks and Investment Banking), Trusts, Derivatives, International Investments among others.
On June of 2001, the main stockholders of Monex Institución Cambiaria acquired CBI Casa de Bolsa, changing the company’s corporate name to Monex Casa de Bolsa, S.A. de C.V. on November 30th of that same year.
Monex Operadora de Fondos is a subsidiary company that was incorporated on December 5th, 2001 and whose main activity was managing and operating assets of the company’s Mutual Funds.
On May 22nd of 2003, Monex obtained authorization from the Ministry of Finance and Public Credit (Secretaría de Hacienda y Crédito Público) to be constituted into a Financial Group, made up of 100% Mexican capital. On September of 2003, Monex transfers its currency operations to Monex Casa de Bolsa, S.A. de C.V.
On August 15th of 2006, with previous authorization from the Ministry of Finance and Public Credit, Monex Grupo Financiero acquires Comerica Bank México S.A., Comerica Bank’s Mexican bank subsidiary, and with this operation, Monex ventures into the banking business.
On December of 2007, the Currency Exchange operations of Monex Casa de Bolsa are transferred to Banco Monex. In order to offer investment operations in international markets, Monex Casa de Bolsa has a subsidiary company in the United States, located in Houston Texas: Monex Securities Inc., authorized by the Financial Industry Regulatory Authority (FINRA) and by the Securities and Exchange Commission (SEC) in said country.
Monex is authorized by Banco de Mexico to operate futures and derivatives. In addition, it is commissioned as MexDer market maker.
Monex Derivados has a group of professional specialists in the use of derivative instruments and risk management that allow, through Future contracts operated in MexDer, the hedging of companies and individual investors against risks as a result of variations in the price of currencies, interest rates, stock market indexes and securities.
Monex has national coverage in Mexico through 40 branch offices distributed in the country’s most important cities, and has the necessary technological infrastructure to perform operations in any part of the world.
Soundness and professionalism are the values that have led Monex to operate with the most important national and foreign corporations based in our country.