On October 17, NYSE Euronext (NYX) and Bank of China (BOC) signed MOU in Beijing, voicing both Parties’ intention to get into cooperation in syndicated loan, deposit in financial institutions, RMB collateral and R&D of RMB-related trading products.
Yue Yi, Vice Executive President of BOC, said at the Signing Ceremony that the MOU represents a fresh starting point of comprehensive collaboration between NYX and BOC. BOC branches in London are now applying to become the general clearing member in the London derivative market of NYX. If successful, BOC will be the first Asian general clearing member of Euronext LIFFE. BOC will continue to take its international, diversified and intelligent advantages to enhance cooperation with NYX and provide perfect, efficient and comprehensive financial services for its global clients.
NYX President & Deputy CEO Dominique Cerutti said, Asia is the core market and strategic center of NYX and the extensive cooperation with BOC will help NYX clients and investors better explore commercial markets in Asia and other regions.
NYX is the first global exchange group, which has exchanges in 6 countries, namely, USA, UK, France, Belgium, Netherlands and Portugal. The stock trading volume in these exchanges ranks No. 1 in the world, accounting for one third of the world’s total.
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