Representatives of Chicago Mercantile Exchange (CME) were in
China last week continuing to lay the groundwork for potential
deals with the country's exchanges and greater distribution of
CME products in the region, as well as developing some new
Craig Donohue, CME's CEO, told FO Week at the China
Financial Derivatives Forum in Shanghai that his exchange has
been making a more concerted effort over the past year not only
to help Chinese regulators and exchanges with the development
of their derivatives markets, but also to initiate
relationships to further distribute its products in the
country. Part of CME's efforts have centred on helping global
FCMs gain a foothold in China's markets.
"What we can do is provide a foundation on which our global
clearing member firms can increasingly gain entry to the
Chinese market, not only to generate new business but also to
bring their skill sets to the Chinese market," Donohue said.
"We can, through our efforts with government and central bank
officials and regulators, help them get comfortable and put in
place the right capabilities for establishing the markets
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