CME signs MOU with SHFE

Chicago Mercantile Exchange (CME) has signed a memorandum of understanding with Shanghai Futures Exchange (SHFE) to pursue joint business development initiatives in derivatives products. Under the agreement, the exchanges will discuss a variety of issues including co-operation on product development, information sharing and market regulation.

The agreement, which was signed at the FIA meeting in Boca Raton by CME chairman Terry Duffy and SHFE chief executive officer Dr...