The China Futures Association (CFA) and Eurex Group signed today a comprehensive cooperation agreement in Shenzhen at the 8th International Derivatives Forum in Shenzhen. Both partners foresee an extensive dialogue in order to facilitate the further development of both derivatives markets.
Eurex is the first international and globally operating derivatives market which has entered into a cooperation agreement with the leading Chinese futures association. Both partners have already started to work together and hosted joint training sessions over the last months in the People's Republic of China. Today's signing will transform and enhance the cooperation further.
In accordance with the Memorandum of Understanding, the two organizations are to start a comprehensive sharing of knowledge and information on business areas and regulatory developments. They also aim to conduct joint cooperative research in order to further develop knowledge on domestic and global derivatives markets and to explore joint initiatives to create further value to the member firms of Eurex and CFA. Further elements of the cooperation agreement include the continuation of joint training and education initiatives for CFA member firms, as well as regular visits from each organization's senior management.
"We are looking forward to build a new bridge for further exchange and cooperation between CFA and Eurex through this MoU", said Liu Zhi Chao, CFA Chairman.
"We are very pleased to have signed this agreement with CFA as first non-Chinese market oper-ator and look forward to enter into a fruitful partnership with this leading institution of China's futures market," said Michael Peters, member of the Eurex Executive Board. "Our first joint training sessions have turned out as very successful, and we are already planning the next seminars to be held in early 2013."