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SINGAPORE, Dec 2, 2013 - (ACN Newswire) - Singapore Exchange (SGX) and the China Futures Association (CFA) are cooperating in the development of derivatives markets in China and Singapore.
Both parties signed a memorandum of understanding (MOU) on 2 December 2013 in Shenzhen, China. This MOU will jointly explore areas of cooperation which include information sharing, training and regular meetings on developments in each other's markets.
"The CFA has been committed to establishing a platform for members to communicate with overseas exchanges. As a long-time partner of Chinese futures industry, SGX has extensive and proven experience in developing new futures products and OTC derivatives market, which is of great significance to the development of Chinese derivatives market. The cooperation between the Chinese and Singapore derivatives markets will present huge growth potential as we tap on each other's competitive edge. This MOU will not only promote the information and resources sharing of the two parties, but also strengthen the cooperation and communication between the futures markets of China and Singapore," said Liu Zhichao, Chairman of the CFA.
"We are delighted to be able to partner the China Futures Association in taking the derivatives markets of China and Singapore to the next level and increasing their international prominence. This collaboration complements the progress SGX, the Asian Gateway, has made in enabling investors who channel capital to this region to manage their risks. We look forward to working closely with the China Futures Association in helping more investors access opportunities both our markets offer," said Chew Sutat, Executive Vice President of SGX.
Contact:
Joan Lew
Marketing & Communications
Tel: +65 6236 8658
Email: joan.lew@sgx.com
Loh Wei Ling
Marketing & Communications
Tel: +65 6236 8157
Email: weiling.loh@sgx.com
Topic: New Service
Source: Singapore Exchange (SGX)
Sectors: Daily Finance, Daily News
http://www.acnnewswire.com
From the Asia Corporate News Network
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