CHICAGO, May 17, 2015 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, and
Korea Financial Investment Association (KOFIA), announced today
they have signed a Letter of Intent (LOI) to explore mutual
collaboration in the areas of market education and
training.
"With recent CME Group volume in Asia growing 22 percent year over year, we
continue to focus on how we can meet the needs of our customers in
the Asia Pacific region," said
Terry Duffy, CME Group Executive Chairman and
President. "This Letter of Intent we have signed puts us in a
strong position to extend our investor education efforts in Korea,
with the support of our local partner KOFIA."
"We are pleased to sign this Letter of Intent with KOFIA, and we
believe this will provide a framework for enhanced cooperation
between the two organizations," said William Knottenbelt, Senior Managing Director,
International, CME Group. "Through this Letter of Intent, we hope
to continue to deepen our understanding of Korean financial
markets, and further extend CME Group's reach into the Korean
marketplace, through working hand in hand with KOFIA in the areas
of investor education and training."
"We are privileged to sign this Letter of Intent, and enhance
our cooperative relationship with CME Group," said Young-Key Hwang, Chairman of KOFIA. "KOFIA is
committed in its efforts to build trust and promote better
communication within the Korean capital markets, and we are
confident of achieving these goals through investor education and
training, in collaboration with CME Group."
The LOI signing ceremony was held in Seoul, and Christopher
Mead, Managing Director, Marketing, CME Group, and
Sang-Hun Chun, Managing Director of
KOFIA, were the signatories.
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) is where the world comes to manage
risk. CME Group exchanges offer the widest range of global
benchmark products across all major asset classes, including
futures and options based on interest rates, equity indexes,
foreign exchange, energy, agricultural commodities, metals, weather
and real estate. CME Group brings buyers and sellers together
through its CME Globex® electronic trading platform, its trading
facilities in New York and
Chicago, and through its
London-based CME Europe
derivatives exchange. CME Group also operates one of the
world's leading central counterparty clearing providers through CME
Clearing and CME Clearing Europe, which offer clearing and
settlement services across asset classes for exchange-traded
contracts and over-the-counter derivatives transactions. These
products and services ensure that businesses everywhere can
substantially mitigate counterparty credit risk.
CME Group is a trademark of CME Group Inc. The Globe Logo, CME,
Globex and Chicago Mercantile Exchange are trademarks of Chicago
Mercantile Exchange Inc. CBOT and the Chicago Board of Trade are trademarks of the
Board of Trade of the City of
Chicago, Inc. NYMEX, New York Mercantile Exchange and
ClearPort are registered trademarks of New York Mercantile
Exchange, Inc. COMEX is a trademark of Commodity Exchange,
Inc. KCBOT, KCBT and Kansas City
Board of Trade are trademarks of The Board of Trade of Kansas City, Missouri, Inc. All other
trademarks are the property of their respective owners. Further
information about CME Group (NASDAQ: CME) and its products can be
found at www.cmegroup.com.
CME-G
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SOURCE CME Group