CME Group and the Shanghai Futures Exchange Renew Memorandum of Understanding

CME Group and the Shanghai Futures Exchange (SHFE) announced that they have renewed their Memorandum of Understanding (MOU). The MOU was first initiated in March 2003 to create a forum for information sharing between the two organizations regarding the potential development of derivatives products in China.

Under the terms of the MOU, the SHFE will provide CME Group with insights and information on the commodities markets in China. This includes regulations and policies, market specifications, and development conditions in order to assist CME Group in gaining a better understanding of China's commodities marketplace. In turn, CME Group will help the SHFE become more familiar with international derivatives market practices, products and regulations, and will also provide assistance on the design of derivatives products, business development, marketing and training.