The NASDAQ OMX Group, Inc.
15.10.2012 15:30
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New Partnership Will Build Cooperative Opportunities in China and Globally
TAIPEI, Taiwan, 2012-10-15 15:30 CEST (GLOBE NEWSWIRE) --
Dalian Commodity Exchange (DCE) and The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ)
(Nasdaq OMX) signed a memorandum of understanding (MOU) on October 15 in
Taipei, with an aim to seek new business opportunities on a global scale as
well as substantial business exchanges and cooperation in more fields. DCE
President & CEO Liu Xingqiang and NASDAQ OMX Vice Chairman Sandy Frucher were
present at the signing ceremony.
Liu said: 'Through exchanges and cooperation with NASDAQ OMX, DCE will be able
to keep up with the latest trends of technology innovation in the global
leading markets. Signing of the MOU has laid a solid foundation for further
cooperation with NASDAQ OMX. This new partnership for DCE will establish an
in-depth and sustained strategic partnership with NASDAQ OMX to make new
progress in technology innovation and opening-up.'
Frucher said: 'We are very excited by signing the MOU with DCE, hoping that
this new partnership will strengthen the connection between NASDAQ OMX and the
Chinese market to provide market participants with more investment
opportunities and price risk management instruments. We will continue exploring
more cooperative business opportunities between DCE and NASDAQ OMX for ongoing
mutual benefits and common development.'
In recent years, DCE has been actively implementing its global strategy by
looking to build a new generation of globalized trading system, while
constantly broadening and deepening exchanges with overseas counterparts. It
has formed a talent bank by attracting a group of high caliber overseas
talents, thus laying a solid foundation for management in its business
development on a global scale.
According to the MOU, the two sides will carry out extensive and in-depth
cooperation in terms of visits, information sharing, trading technology, and
consulting services, in a bid to explore more cooperative opportunities that
could boost the daily businesses of both sides.
About Dalian Commodity Exchange:
Founded on February 28, 1993, Dalian Commodity Exchange (DCE) is one of the
four futures exchanges under the supervision and administration of the China
Securities Regulatory Commission (CSRC) upon the approval of the State Council,
and also the only futures exchange in Northeast China. Among its 9 listed
futures products approved by the CSRC are corn, No. 1 soybeans (non-gmo), No. 2
soybeans (gmo), soybean meal, soybean oil, RBD palm olein, linear low density
polyethylene (LLDPE), polyvinyl chloride (PVC) and coke.
By the end of 2011, DCE had had 185 member companies, 91 designated delivery
warehouses, 1,387,000 investor accounts (including 37,000 corporate client
accounts). In 2011, DCE achieved 289 million lots and RMB16.88 trillion
respectively in trading volume and turnover. According to the Futures Industry
Association (FIA) of the U.S., DCE ranked 15th out of the global leading
derivative exchanges in 2011. DCE is one of the three largest agricultural
futures exchanges in the world, and is the world's largest edible oils and
plastics futures market. To learn more, visit www.dce.com.cn.
About NASDAQ OMX:
The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels
economies and provides transformative technologies for the entire lifecycle of
a trade - from risk management to trade to surveillance to clearing. In the
U.S. and Europe, we own and operate 25 markets, 3 clearinghouses and 5 central
securities depositories supporting equities, options, fixed income,
derivatives, commodities, futures and structured products. Able to process more
than 1 million messages per second at sub-40 microsecond speeds with 99.99%
uptime, our technology drives more than 70 marketplaces in 50 developed and
emerging countries into the future, powering 1 in 10 of the world's securities
transactions. Our award-winning data products and worldwide indexes are the
benchmarks in the financial industry. Home to approximately 3,400 listed
companies worth $6 trillion in market cap whose innovations shape our world, we
give the ideas of tomorrow access to capital today. Welcome to where the world
takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn
more, visit www.nasdaqomx.com. Follow us on Facebook
(http://www.facebook.com/NASDAQ) and Twitter
(http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made
under the Safe Harbor provisions of the Private Securities Litigation Reform
Act of 1995. These statements include, but are not limited to, statements about
NASDAQ OMX and its products and offerings. We caution that these statements are
not guarantees of future performance. Actual results may differ materially from
those expressed or implied in the forward-looking statements. Forward-looking
statements involve a number of risks, uncertainties or other factors beyond
NASDAQ OMX's control. These factors include, but are not limited to factors
detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed
with the U.S. Securities and Exchange Commission. We undertake no obligation to
release any revisions to any forward-looking statements.
NDAQA
DCE Media Contact:
Chang Xu
86-411-8480-8672 (office)
86-411-8480-8630 (fax)
xuchang@dce.com.cn
NASDAQ OMX Media Contact:
Ryan Wells
(212) 231-5541 (office)
(646) 581-4286 (mobile)
Ryan.Wells@NASDAQOMX.com
News Source: NASDAQ OMX
15.10.2012 Dissemination of a Corporate News, transmitted by DGAP -
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Language: English
Company: The NASDAQ OMX Group, Inc.
United States
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ISIN: US6311031081
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DGAP-News: Dalian Commodity Exchange and NASDAQ OMX Sign MOU
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