CHICAGO and SHANGHAI, Sept. 21,
2015 /PRNewswire/ -- CME Group, the world's leading and
most diverse derivatives marketplace, and China Securities Index
Co. Ltd, today announced that they have signed an index development
and product licensing agreement.
Under this agreement, CME Group will grant CSI a license to use
certain CME Group market data for the purposes of developing,
calculating and disseminating commodity indexes. The first
product to be jointly developed will be the CSI CME Group China
Commodity Consumption Index, which is based on the end-of-day
settlement prices for CME Group futures contracts on Soybeans and
Corn, listed on and subject to the rules of CBOT; as well as
Natural Gas, West Texas Intermediate Crude Oil, and Copper, listed
on and subject to the rules of NYMEX; and Gold and Silver, listed
on and subject to the rules of COMEX. The agreement also
provides for the listing, trading and clearing of derivatives
products based on the commodity indexes to be developed by CSI and
CME Group.
"We are pleased to enter into this strategic partnership with
CSI," said Terry Duffy, Executive
Chairman and President of CME Group. "As Chinese futures
markets internationalize, the new products that we develop with CSI
will provide enhanced risk management opportunities to users in the
global commodity markets."
"China is a key market for us,
and this agreement with CSI is another example of our commitment to
serve the needs of market users based in China," said Phupinder
Gill, Chief Executive Officer of CME Group. "We look
forward to working closely together with CSI in the development and
innovation of new products."
"As capital markets liberalize, the demand for overseas
financial derivatives by Chinese investors will increase
gradually," said by Ma Zhigang, the
Chief Executive Officer of CSI. "CSI has developed indexes based on
multiple types of asset classes in different markets for over ten
years. The cooperation with CME Group is an important component of
the overseas development strategy of CSI. We look forward to
working together with CME Group to provide diverse indexes and
derivatives products to meet the needs of the markets."
About CME Group
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.
About China Securities Index Co. Ltd
China Securities
Index Co. Ltd (CSI) is the largest index provider in China, which indices cover A-shares, bonds,
commodity futures, international securities and other asset
classes. As a joint venture between the Shanghai Stock Exchange and
the Shenzhen Stock Exchange, CSI is a professional business entity
specializing in the creation and management of indices and
index-related services.
CSI is dedicated to serving the capital market and promoting
financial innovation relying on the information and technical
advantages of the two exchanges. Focusing on the series of CSI
indices, exchange indices and customized indices, CSI aims to
become the leading index provider in China.
CME-G
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SOURCE CME Group