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“The signing of this joint MOU today is very important to both exchanges because it is the start of a relationship between our two global marketplaces,” said Mr. Zhang Xueren, Chairman of the Board of the Zhengzhou Commodity Exchange. “This agreement shows the world that our two exchanges share a deep interest to learn more about each other’s business and find ways to work together and make both our businesses operate more efficiently.”
The MOU agreement allows both exchanges to explore new business opportunities and to capitalize on efficiencies both can earn by working together. Areas of interest include information sharing, market building, joint educational seminars and symposiums, and new product and service offerings.
“The New York Board of Trade is truly a global exchange, and we are very interested in extending the hand of friendship to such a leader in the growing commodity market of China as the Zhengzhou Commodity Exchange,” said C. Harry Falk, NYBOT President and CEO. “There is a great deal that both exchanges can accomplish by working together, and today, we have laid the groundwork which will allow us to move forward together. We are eager to learn from their experiences.”
Established in October 12, 1990, the Zhengzhou Commodity Exchange (ZCE) is the first futures marketplace in China. The exchange is regulated by the China Securities Regulatory Commission (CSRC). For additional information about the ZCE and its products details, please access the ZCE website at www.czce.com.cn.
The New York Board of Trade (NYBOT) is New York’s original futures exchange, where the world trades food, fiber and financial products. For well over a century, the New York Board of Trade has provided reliability, integrity and security in a global marketplace for cocoa, coffee, cotton, ethanol, orange juice, pulp, and sugar, as well as currency and index futures and options. Information about the New York Board of Trade can be found at www.nybot.com and www.nybotlive.com.
