Chicago Board of Trade (CBoT) announced today that it has signed a memorandum of understanding (MOU) to pursue cooperative and potential joint business initiatives with China's Dalian Commodity Exchange (DCE).
Under the agreement, the two exchanges will share information on market and product development and potentially work towards developing markets for new derivative products.
DCE also entered into a MOU with Tokyo Grain Exchange (TGE), at the same time.
CBoT's interest may have been sparked by potential synergies between its...