Fri, Oct 28, 2016
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Chicago Board of Options Exchange and China Financial Futures Exchange sign a memorandum of understanding

Wednesday, May 16, 2012
Opalesque Industry Update: The Chicago Board Options Exchange (CBOE) and the China Financial Futures Exchange (CFFEX) announced today that they signed a Memorandum of Understanding (MOU), which establishes an open channel of communication and lays the foundation for future collaborative efforts between the exchanges. Executives from both exchanges signed the MOU today at a ceremony in Beijing, China.

The MOU creates an avenue for sharing information and resources between the exchanges, including development of educational programs designed to build understanding of the exchanges’ respective products, markets, technologies and regulation. The agreement also creates the opportunity for potential future business initiatives, including joint marketing efforts and product development.

“We are pleased to enter into an agreement with CFFEX that formalizes our long-standing friendship and establishes a strategic alliance between our exchanges,” said CBOE Chairman and Chief Executive Officer William J. Brodsky. “Options are important investment and risk management tools and will be an essential part of CFFEX’s product development efforts. We look forward to collaborating on initiatives that could benefit both exchanges and potentially expand the global reach of options.”

“We are excited to partner with CBOE in this endeavor. CBOE is the leading marketplace in the U.S. options industry and has considerable expertise and experience in operating derivatives markets,” said CCFEX Chief Executive Officer Zhu Yuchen. “As CFFEX continues building its marketplace and developing new financial products, the opportunity to learn from CBOE’s 40 years of options trading experience will prove invaluable to us.”


Press Release


What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. David Einhorn speaks on passive investing, Mylan, his cheapest stock, the Fed[more]

    From Greenlight Capital hedge fund manager David Einhorn (Trades, Portfolio) joined nine other famed investors on Tuesday to talk about stocks at the annual Great Investors’ Best Ideas Investment Symposium in Dallas. Presenters at the annual conference typically pitch one or severa

  2. Investing - Fund set up to buy illiquid hedge fund stakes finds plenty of opportunities, Lansdowne's Roden says likes animal genetics company Genus[more]

    Fund set up to buy illiquid hedge fund stakes finds plenty of opportunities From As ValueWalk reported back in February, earlier this year Andrew Lawrence set out to raise $250 million to $500 million for a fund that will buy stakes in hedge funds that have suspended redem

  3. Opalesque Roundtable: Style drift, poor communications and credibility fatigue are biggest red flags for hedge funds investors[more]

    Komfie Manalo, Opalesque Asia: Style drift, poor communications and credibility fatigue are the biggest red flags for hedge funds investors, said participants of the latest 2016 Opalesque Investor Roundtable, sponso

  4. Barclay CTA Index down 0.40% in September (+0.10% YTD)[more]

    Managed futures traders lost 0.40% in September according to the Barclay CTA Index compiled by BarclayHedge. The Index is up 0.10% year to date. “The US Fed, in spite of its hawkish tone, opted to hold rates steady which roiled financial markets,” says Sol Waksman, founder and president of BarclayHe

  5. Opalesque Exclusive: Meet Emma, your friendly A.I. helper[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Shaunka Khire, who co-designed an artificial intelligence (AI) robot called EMMA/MANSI, talks to Opalesque