NYSE-Euronext signs cooperation accord with Chinese exchange

POLITICAL ECONOMY

by Staff Writers
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.

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POLITICAL ECONOMY

Global crisis makes 2008 China's worst year in recent times: Wen

Beijing (AFP) Nov 3, 2008
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