The Asian Banker

SGX and CFFEX collaborate to develop derivatives markets
Apr 16, 2013

April 10th 2013 - Singapore Exchange (SGX) and China Financial Futures Exchange (CFFEX) have signed a Memorandum of Understanding (MOU) to cooperate in the development of the derivatives markets in China and Singapore. The agreement was signed in Beijing, China, between Mr Rong Zhiping, Deputy CEO of CFFEX and Mr Magnus Böcker, CEO of SGX.

Under the MOU, both exchanges will jointly explore possible areas of cooperation including product and market development, information sharing and human resources training. With the agreement, both exchanges will also consider synergies to better address the demands and needs of market participants in China and Singapore.

“Our strategic goal is to establish a world class exchange, so it is necessary to draw from the overseas markets and cooperate closely with our international peers. CFFEX values the friendship with SGX and expects to promote the cooperation in common interests”, said Mr Rong Zhiping, Deputy CEO of CFFEX.

“We consistently pursue new opportunities to enhance our unique offering of Asian derivatives to satisfy the diverse needs of our global customers. This MOU marks a significant milestone for SGX and reinforces our commitment to the China market. We look forward to sharing insights and expertise with CFFEX to further develop both our markets,” said Mr Magnus Böcker, CEO of SGX.


Re-disseminated by The Asian Banker

Categories: Markets & Exchanges
Keywords: SGX, CFFEX

Linkedin Twitter facebook
The Asian Banker app is now available for your smartphone
Show Less
About us | Jobs and Internships with us | Contact us | Advertise with Us | | Privacy Policy | Copyrights Requests | Legal Notice | Feedback
RSS FeedRSS Feed | Follow us on Linkedin Twitter Facebook
Copyright 2014, The Asian Banker. All Rights Reserved .