Financial Services Industry
Industry: Email Alert RSS FeedI love mou. man! (International News: Pacific Rim).(the CME and Shanghai Futures Exchange will pursue joint business development initiatives)(Brief Article)
Futures (Cedar Falls, Iowa), May, 2003
Among pomp and circumstance not usually associated with the signing of a memorandum of understanding (MOU), the CME and Shanghai Futures Exchange (SHFE) pledged to pursue joint business development initiatives in derivatives products at a media event at the March FIA conference in Boca Raton, Fla.
In addition, the CME announced an education initiative inviting officials of the SHFE and China's regulatory bodies to visit Chicago and participate in programs giving them a view of CME operations and fundamentals into U.S. financial futures markets.
CME Chairman Emeritus Leo Melamed, who oversees the CME Asian market strategy, said the MOU would help facilitate SHFE's ability to gain licensing from Chinese government regulators to launch financial...
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