NEW YORK/ZHENGZHOU, November 5, 2008 –NYSE Euronext (NYX) and Zhengzhou Commodity Exchange (ZCE) announced today that they have signed a Memorandum of Understanding (MOU) to establish a long-term partnership in developing futures and options markets locally and globally.
Under the terms of the MOU, NYSE Euronext and ZCE will exchange information on futures and options markets, including technology, laws and policies, and assist each other to gain a better understanding of each other’s markets locally and globally.
“We welcome this opportunity to partner with Mr. Zhao and his colleagues at the Zhengzhou Commodity Exchange,” said Duncan Niederauer, CEO, NYSE Euronext. “This partnership enables NYSE Euronext and ZCE to expand their cooperation on derivatives products, business development, IT systems, marketing and training. We are committed to the success of this alliance as part of our long-term commitment to
Garry Jones, Executive Director of Business Development and Strategy at Liffe, the global derivatives business of NYSE Euronext, said: “Liffe is planning a major expansion in Asia this year and
Zhao Zhengping, president & CEO of ZCE, said, “NYSE Euronext, with its realm spreading in both USD-zone and Euro-zone, plays a very important role in the world’s financial markets. It has long history in developing both financial and commodity futures and options and owns advanced trading and risk control systems. ZCE, as the pioneer of Chinese futures market, after 18 years of exploration and development, is growing rapidly. ZCE is devoting itself to be a diverse and modern futures market, by researching and developing futures and options of industrial and energy products as well as commodity indexes. I believe that the signing of this MOU will provide both parties a new platform of cooperation.”
Being one the four futures exchanges in
About NYSE Euronext
NYSE Euronext (NYX) is the world’s leading, most liquid and diverse exchange group. It offers a broad and growing array of financial products and services in cash equities, futures, options, exchange-traded products, bonds, market data, and commercial technology solutions, all designed to meet the evolving needs of issuers, investors and financial institutions. Spanning multiple asset classes and six countries, NYSE Euronext’s exchanges include the New York Stock Exchange, Liffe, Euronext and NYSE Arca. With more than 6,500 listed issues, more than any other exchange group, trading on NYSE Euronext’s equity markets represents more than one-third of the world's cash equities volume. NYSE Euronext also manages the leading European derivatives exchange by value of trading. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information, please visit www.nyx.com.
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