TAIPEI, Taiwan, Oct. 15, 2012 (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.
CONTACT: DCE Media Contact: Chang Xu 86-411-8480-8672 (office) 86-411-8480-8630 (fax) firstname.lastname@example.org NASDAQ OMX Media Contact: Ryan Wells (212) 231-5541 (office) (646) 581-4286 (mobile) Ryan.Wells@NASDAQOMX.com
Source:The NASDAQ OMX Group, Inc.