CBOT President and CEO Bernard W. Dan said, "Taking up the challenge of creating a premier electronic trading environment that provides greater efficiency and transparency for Asian-based commodities in partnership with a world class exchange like the SGX is an exciting proposition for the CBOT. Our recent experience in successfully launching a commodity product with international delivery points, in combination with SGX's expertise in regulatory and clearing processes in Singapore, will enable us together to deliver innovative products and services to meet the expanding demand for liquid risk management tools in Asia."
Mr Hsieh Fu Hua, SGX CEO, said, "We are excited about the opportunity to be a partner to CBOT who brings with them a global network of international market participants in commodities. This collaboration with CBOT is timely with the strong demand for commodities. As a leading derivatives trading and risk management centre in Asia, the development of Asian commodities business is strategically important for SGX."
