Mon, Jun 27, 2016
A A A
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.”

CBOE

Press Release

BM

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. Opalesque Roundup: Hedge funds shrink as liquidations outpace new launches in Q1: hedge fund news, week 27[more]

    In the week ending 17 May, 2016, HFR said hedge fund liquidations declined narrowly to begin 2016 after rising sharply to conclude 2015, as investors positioned f

  2. Europe - Hedge funds keep powder dry over big Brexit bets, Hedge funds sense profit in Europe shock waves after Brexit vote, Soros warns Brexit may cause pound plunge worse than Black Wednesday, After Brexit: What will happen if Britain votes to leave the UK?[more]

    Hedge funds keep powder dry over big Brexit bets From FT.com: Hedge funds are shying away from big bets on Brexit, with many unwilling to risk further losses having already suffered a painful first half of the year. With the outcome of a UK vote on the country’s membership of the Europea

  3. News Briefs - ’Flash Boys’ get green light to launch stock exchange, Pimco says ‘storm is brewing’ in U.S. commercial real estate, Bankers get ready to rumble at Hedge Fund Fight Night, AIMA Australia celebrates 15th anniversary[more]

    ’Flash Boys’ get green light to launch stock exchange In an investing environment ruled by fast, the newest U.S. public stock exchange is banking on slow. Well, slower. IEX Group, which won Securities and Exchange Commission approval on Friday to go head-to-head with the New York Stock E

  4. Blackstone buys minority stake in New York-based credit hedge fund Marathon[more]

    Benedicte Gravrand, Opalesque Geneva: Blackstone Strategic Capital Holdings Fund, a vehicle managed by Blackstone Alternative Asset Management (BAAM), has acquired a passive, minority interest in Marathon Asset Management, for an undisclosed sum. Based in New York,

  5. Global markets fell, hedge funds gain in mid-June on Brexit, Fed rate concerns[more]

    Komfie Manalo, Opalesque Asia: Global financial markets declined through mid-June, as uncertainty associated with the upcoming Brexit referendum and expected U.S. Fed interest rate hike contributed to increases in volatility across asset classes, data provider