The Clearing Corporation has signed a Memorandum of Understanding (MOU) under which it will provide a variety of consulting services to the Zhengzhou Commodity Exchange (CZCE), China’s first futures exchange.
Dennis Dutterer, President and CEO of CCorp, led a delegation of CCorp officials to the exchange in Zhengzhou – a city of 6 million in central China – in October to secure the MOU. Under the agreement, CCorp will provide CZCE with consulting services related to futures and options trading, clearing, settlement and risk management.
“CCorp is thrilled to be involved in this new alliance with China’s first futures exchange,” says Dutterer. “China’s extraordinary economic growth demonstrates the need for increasingly sophisticated risk management systems and processes, which we will help the Zhengzhou exchange to develop. Along with our recently announced clearing technology agreement with the JSE Securities Exchange of South Africa, this new alliance demonstrates CCorp’s commitment to exporting its wealth of expertise in risk management systems and technology on a global basis.”