Chicago Board Of Trade Enters Into Memorandum Of Understanding With Dalian Commodity Exchange

The Board of Directors of the Chicago Board of Trade (CBOT®) announced today that it has signed a Memorandum of Understanding with the Dalian Commodity Exchange (DCE) in Dalian, China to pursue cooperative and potential joint business initiatives between the two exchanges.

Under the agreement, the two Exchanges will share information on market and product development and potentially work toward developing markets for new derivative products.

CBOT President and CEO Bernard Dan said, "We welcome the opportunity to share intellectual resources with leaders of the Dalian Commodity Exchange. We look forward to the possibility of working together on product and market development projects that will add value to our current product mix."

DCE President Eugene Zhu said, "Since being established in 1993, we have been developing very rapidly. We are currently the largest futures exchange in China. By entering into a working arrangement with the CBOT, we hope to build a closer and constructive relationship with the CBOT. We believe two parties will have broader prospect of cooperation."

For more information, contact Laura LaBarbera at the CBOT at (312) 435-3649 or Yongjun Feng at the DCE at 86-10-8225-4929.