NEWS
China Futures Association signs MoUs with Eurex, CME Group
03 December 2012
Category:
News, China, Global
By Asia Asset Management
The China Futures Association (CFA) signed cooperation agreements with both Eurex and CME Group in Shenzhen on Sunday (December 2) at the 8th International Derivatives Forum in Shenzhen, China.
Eurex becomes the first international and globally operating derivatives market to enter into a cooperation agreement with the leading Chinese futures association. Both partners have already started to work together, hosting joint training sessions in recent months in the People’s Republic of China.
In accordance with the memorandum of understanding, the CFA and Eurex are to start a comprehensive sharing of knowledge and information on business areas and regulatory developments. They also aim to conduct joint cooperative research in order to further develop knowledge on domestic and global derivatives markets and to explore joint initiatives to create further value to the member firms of Eurex and CFA. Further elements of the cooperation agreement include the continuation of joint training and education initiatives for CFA member firms, as well as regular visits from each organisation’s senior management.
“We are looking forward to building a new bridge for further exchange and cooperation between CFA and Eurex through this MoU“, said Liu Zhi Chao, CFA chairman.
“We are very pleased to have signed this agreement with CFA as the first non-Chinese market operator and look forward to a fruitful partnership with this leading institution of China’s futures market,” said Michael Peters, member of the Eurex executive board. “Our first joint training sessions have turned out very successful, and we are planning the next seminars to be held in early 2013.”
Meanwhile, the CFA and CME Group announced on the same day that they have also signed an MoU to create a forum for sharing information and resources, to cooperate on financial market education and research, and create a better understanding of each other’s markets.
"Through this MOU, we will continue to build on our commitment to expand the reach of our markets and products in the region," said Julien Le Noble, managing director, Asia Pacific at CME Group."We see tremendous opportunity to work together with the China Futures Association to serve the Chinese market. We continue to look for opportunities to learn more about the Chinese financial markets and explore the long-term potential for developing relevant exchange-traded derivatives in China."
More News >
Discuss: China Futures Association signs MoUs with Eurex, CME Group