The non-binding agreement provides for the establishment of information-sharing links which cover education, training and marketing.
The parties, in addition, will focus on future business opportunities facilitating cross-border trading in commodities futures and options, subject to the applicable regulations.
BOCI Commodities & Futures (BOCI C&F), a subsidiary of Bank of China, is a clearing member of each of CME, CBOT, NYMEX and COMEX.
CME Group will assist BOCI C&F with investor education, business development, and employee training to further augment the business offerings of BOCI Global Commodities.
BOCI C&F currently facilitates access to CME Group’s exchange-listed futures and options products for permitted entities, and has taken a role in customer acquisition and service provision for investors permitted to trade in CME Group products.
