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Dalian Commodity Exchange and Nasdaq OMX sign MoU

15 October 2012  |  1294 views  |  0 Source: Nasdaq OMX

Dalian Commodity Exchange (DCE) and The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) (Nasdaq OMX) signed a memorandum of understanding (MOU) on October 15 in Taipei, with an aim to seek new business opportunities on a global scale as well as substantial business exchanges and cooperation in more fields.

DCE President & CEO Liu Xingqiang and NASDAQ OMX Vice Chairman Sandy Frucher were present at the signing ceremony.

Liu said: "Through exchanges and cooperation with NASDAQ OMX, DCE will be able to keep up with the latest trends of technology innovation in the global leading markets. Signing of the MOU has laid a solid foundation for further cooperation with NASDAQ OMX. This new partnership for DCE will establish an in-depth and sustained strategic partnership with NASDAQ OMX to make new progress in technology innovation and opening-up."

Frucher said: "We are very excited by signing the MOU with DCE, hoping that this new partnership will strengthen the connection between NASDAQ OMX and the Chinese market to provide market participants with more investment opportunities and price risk management instruments. We will continue exploring more cooperative business opportunities between DCE and NASDAQ OMX for ongoing mutual benefits and common development."

In recent years, DCE has been actively implementing its global strategy by looking to build a new generation of globalized trading system, while constantly broadening and deepening exchanges with overseas counterparts. It has formed a talent bank by attracting a group of high caliber overseas talents, thus laying a solid foundation for management in its business development on a global scale.

According to the MOU, the two sides will carry out extensive and in-depth cooperation in terms of visits, information sharing, trading technology, and consulting services, in a bid to explore more cooperative opportunities that could boost the daily businesses of both sides.

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