Source: Nasdaq OMX
China Financial Futures Exchange (CFFEX) and the NASDAQ OMX Group, Inc (NDAQ), signed a memorandum of understanding (MOU) at the World Federation of Exchanges' annual meeting to strengthen cooperation and promote mutual development.
CFFEX Chairman Zhang Shenfeng and NASDAQ OMX Vice Chairman Sandy Frucher signed the MOU.
"In recent years, CFFEX has been exploring its global strategy, which includes learning from the experience of overseas markets, strengthening cooperation with them and exploring development opportunities," said Zhang Shenfeng, Chairman, CFFEX. "CFFEX and NASDAQ OMX have previously cooperated, and this new MOU can be seen as an opportunity to explore other areas of cooperation for the mutual benefit of each exchange."
According to the MOU, CFFEX and NASDAQ OMX will carry out extensive cooperation regarding technology, consultation, information sharing, staff training and explore opportunities for cooperation to promote collaborative business projects.
"We are excited to sign the MOU with CFFEX, hoping that this will strengthen the relationship between NASDAQ OMX and the China financial futures market to create more cooperation in the market," said Sandy Frucher, Vice Chairman, NASDAQ OMX. "We will continue exploring more cooperative business opportunities between CFFEX and NASDAQ OMX for ongoing mutual benefits and common development."