FACTIBILIDAD DE UN MERCADO DE FUTUROS DE FLORES (NOCHEBUENA, GLADIOLAS Y ROSAS)

Abstract

The fundamental idea of establishing a futures market in Mexico specializing in flowers, stems from the need for hedging tools price for intervening in the process of production, commercialization and industrialization of flowers standardized in our country, and growing use of futures contracts on agricultural products to cover market risks, thanks to the flexibility that these instruments provide users to quickly enter and exit the market due to its liquidity and leverage, set the tone to suggest the feasibility of forming a " flowers futures market in the country "according to their economic and financial expectations to reduce risk and uncertainty in the market with low transaction prices and serve to maintain a price level or underlying standardized product, since through futures contracts, one party undertakes to sell and the counterparty is obligated to buy a product at a predetermined date at a price agreed when the contract is signed. In one case that one party breaches the contract, for it in the organized markets, it has a clearinghouse for a fee acts as counterparty to all parties, a situation that ensures compliance with the obligations undertaken by all market participants, calculating a default premium to the market that serves to meet the commitments and meet the party concerned and to cover legal costs resulting from infringement. It is noteworthy that the risk of these instruments is almost zero since the spot market through the intermediation of a clearing house, ensuring the proper functioning of the market. In the present analysis shows that is possible to create a futures market to trade Flores in Mexico, given the volume of daily transactions and strong fluctuations up to that point of price analysis.