CME, SCH to develop OTC products and services

Shanghai 230px
By Daniel O'Leary
03 Sep 2014

Chicago-based CME Group and the Shanghai Clearing House plan to jointly develop products and services in the over-the-counter derivatives market and will cooperate in areas of risk management and market research.

The two firms signed a Memorandum of Understanding Tuesday in Chicago. In a release, the firms noted the MoU will benefit market users globally. Phupinder Gill, ceo at CME, said the signing will allow the bourse to extend its reach into the Chinese market place as China continues ...

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