NYSE Euronext has teamed up with the China Financial Futures Exchange (CFFEX) to support the ongoing development of their respective futures and options markets.
The two bourses have signed a memorandum of understanding that will include exploring opportunities to extend the global reach of both exchanges. The agreement also includes information sharing such as exchanging and training employees and business cooperation such as joint research into developing strategies for the derivatives market.
“Asia is a strategic priority for NYSE Euronext and we are delighted to partner with Mr. Yuchen and his colleagues at the China Financial Futures Exchange,” said Duncan L. Niederauer, CEO at NYSE Euronext. “This agreement deepens our long term commitment to the region, and by sharing best practices and working collaboratively, CFFEX and NYSE Euronext will further promote the development and advancement of both the Asian and global financial markets.”
“We have customers who trade our derivatives contracts all over Asia and this MOU with the China Financial Futures Exchange - along with our physical presence in Hong Kong, Singapore and Tokyo - further illustrates our commitment to Asian markets,” added Garry Jones, group executive vice president and head of global derivatives at NYSE Euronext.