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China Financial Futures Exchange and TMX Group Sign Memorandum of Understanding
March 10, 2014 (Shanghai and Toronto) – China Financial Futures Exchange Incorporated (CFFEX) and TMX Group today announced the signing of a Memorandum of Understanding (MoU) to enhance their understanding of each others’ businesses and to evaluate further business opportunities.Hui Mei, Board Secretary of CFFEX and Brenda Hoffman, Chief Information Officer, Group Head of Technology, TMX Group participated in the signing ceremony.
Under the MoU, TMX Group and CFFEX will cooperate to share certain information and may provide each other with advisory and consultation services concerning risk management, business strategy, market surveillance and new product development.
Top leadership on both sides applauded the signing of the MoU. Zhang Shenfeng, Chairman of CFFEX, expressed his support in the following statement: “The signing of this MoU is of great significance to CFFEX as TMX Group is an important partner in our internationalization strategy.” Tom Kloet, CEO, TMX Group added: “We are very excited to enter this agreement with CFFEX as we look to broaden our activities in the Chinese market. Our two organizations share a strong commitment to deriving meaningful, long-term benefits from our relationship.”
“I sincerely hope that together with TMX Group, we can take this opportunity to enhance communication, build a closer partnership, work towards more collaboration and achieve common strategic goals.” saidHui Mei.
“We look forward to working with CFFEX to evaluate their technology and risk management needs,” said Brenda Hoffman. “Together, we can explore ways to leverage our expertise and better serve our customers.”
TMX Group marks the occasion by inviting Hui Mei to open the market for Toronto Stock Exchange.
About TMX Group (TSX:X)
TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha Group, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, NGX, BOX Options Exchange, Shorcan, Shorcan Energy Brokers, Equicom and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across Canada (Montreal, Calgary and Vancouver), in key U.S. markets (New York, Houston, Boston and Chicago) as well as in London, Beijing and Sydney.