TMX Group marks occasion with a market open ceremony in Toronto
SHANGHAI AND TORONTO, March 10, 2014 /CNW/ - 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 may evaluate potential opportunities for cooperation, including the provision of 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 into this MoU with CFFEX as we look to broaden our activities in the Chinese market. Our two organizations share a strong commitment to exploring the meaningful benefits we can derive 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." said Hui 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."
For Market Openings: Media may pick up a feed from the TOC (television operations centre) for all market open ceremonies. The feed is named TSX Transmit 1 (SD-SDI) and is produced at TMX and sent live to the Toronto TOC. The client moves into position for the market open ceremony at approximately 9:27 a.m. and the markets will open with the sound of a SIREN (the traditional market open on 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. For more information about TMX Group, visit our website at www.tmx.com. Follow TMX Group on Twitter at http://twitter.com/tmxgroup.
About China Financial Futures Exchange Incorporated (CFFEX)
With the approval of the State Council and the authorization of China Securities Regulatory Commission (CSRC), China Financial Futures Exchange (CFFEX) was jointly founded by Shanghai Futures Exchange, Zhengzhou Commodity Exchange, Dalian Commodity Exchange, Shanghai Stock Exchange and Shenzhen Stock Exchange on September 8, 2006 in Shanghai. The establishment of CFFEX is of strategic significance to the deepening reform of the financial market, perfecting the financial market system, and exercising the function of the financial market.
Among CFFEX's main functions include organizing and arranging the listing, trading, clearing and settlement of financial derivatives including financial futures, formulating exchange rules, carrying out self-management, releasing market trading information, and providing technology, venues and facility services. CFFEX is the only financial futures exchange in mainland China. The listed contracts include CSI 300 Index Futures and 5 Year Treasury Bond Futures. To learn more, please visit http://www.cffex.com.cn.
SOURCE: Toronto Stock Exchange
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Senior Manager, Communications and Public Affairs