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NYSE-Euronext signs cooperation accord with Chinese exchange
Paris (AFP) Nov 5, 2008 The transatlantic stock exchange NYSE-Euronext said Wednesday it had signed a memorandum of understanding with the Zhengzhou Commodity Exchange (ZCE) of China to develop derivatives markets in China and the United States. A joint statement said the two groups would "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 are committed to the success of this alliance as part of our long-term commitment to China," said NYSE Euronext chief executive Duncan Niederauer. Added Zhao Zhengping, head of ZCE: "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 commodities indexes." NYSE-Euronext operates markets in New York, Paris, Amsterdam, Brussels and Lisbon and controls Liffe, a global derivatives business. Related Links The Economy
Global crisis makes 2008 China's worst year in recent times: Wen
Beijing (AFP) Nov 3, 2008Chinese Premier Wen Jiabao said the global economic crisis had made 2008 the worst year for China's development in recent memory, and warned of worse to come. |
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