steadily advances the opening-up of the financial futures market by joining worldwide futures trade associations, inking MOUs with major overseas exchanges and strengthening cooperation in information sharing, personnel training, business research and studies, product development, etc thus meeting the domestic and foreign needs for cross-border derivatives trading.
Hu Zheng, chief executive officer, CFFEX
said: "As a leading derivatives exchange in the Middle East, DGCX has a great portfolio of products and is highly influential across regional financial markets.
CFFEX values the friendship with SGX and expects to promote the cooperation in common interests", said Mr Rong Zhiping, Deputy CEO of CFFEX.
We look forward to sharing insights and expertise with CFFEX to further develop both our markets," said Mr Magnus Bocker, CEO of SGX.
Hu Zheng, Chief Executive Officer, CFFEX
said: As a leading derivatives exchange in the Middle East, DGCX has a great portfolio of products and is highly influential across regional financial markets.
Under CFFEX s regulations, margins for futures trading among investors, futures brokers and exchanges are required to be deposited and cleared through a FMDB.
The first batch of QFIIs started trading and CFFEX introduced administrative measures for the QFII's banks to apply for licenses to provide margin depository services.
As per the MoU, SGX and CFFEX
decided that they could potentially explore ways measures to collaborate in the areas covering human resources training, further expansion of product and market opportunities as well as ways to share information.
SunGard added access to China over the past year, where brokerage firms are already using Valdi and SGN to connect to the Dalian, Shanghai and Zhengzhou derivatives exchanges and to the CFFEX
financial futures exchange.