Francisco N. Estrada, MSc Financial Markets student has won the Spring 2015 GARP Research Fellowship. The Fellowship Program received great interest from many students across GARP’s network of Master‐level programs, and after careful consideration, Franciso and his research proposal titled, “Is the relationship between the USD/Mexican peso exchange rate and the future contracts stable?”, demonstrated sufficient relevance to current global energy risk management issues and needs in order to warrant support.