Monday April 27 2015
News Source: Global Exchanges
Focus: Other
Type: General
Country: International
Link: http://www.asx.com.au/documents/asx-news/ASX-CFASignMOU.pdf
ASX has signed a Memorandum of Understanding (MOU) with the China Futures Association (CFA) at a CFA conference in Hangzhou, China.
ASX and CFA intend to cooperate in areas of common interest within the futures markets in Australia and China. Initially, this will involve the cross-training of staff and exchange of information to develop an understanding of how the markets and futures products are evolving in both jurisdictions.
The initial term of the MOU is five years.
This initiative complements the Heads of Agreement ASX signed with the Bank of China in November 2014 to expand the strategic cooperation between the parties to develop the Renminbi (RMB) as a currency in Australia’s financial markets.
Click on the link above for further details.