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CME Group and Bank of China Strategic Cooperation
Mar 7, 2012 || OpenMarkets || No Comments
CME Group and Bank of China, the most internationalized and diversified bank in China, announced this week that they have signed a Memorandum of Understanding to explore and potentially collaborate in a long-term business relationship that will harness the strengths of both organizations to provide mutual benefits as both parties grow their global businesses.
The non-binding agreement provides for the establishment of information-sharing links which cover education, training and marketing; in addition, the companies will focus on future business opportunities facilitating cross-border trading in commodities futures and options, subject to the applicable regulations. Read more about the agreement here.
Leo Melamed, CME Group Chairman Emeritus (left) with Xiao Gang, Chairman,Bank of China (right) following the signing of the Memorandum of Understanding between the two organizations.
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