TMX Group Signs MOU with Shanghai Clearing House
- The MOU between both groups will form a working group to help jointly evaluate multiple business opportunities.
TMX Group, an operator of cash and derivative markets and clearinghouses across multiple asset classes, has signed a memorandum of understanding (MOU) with Shanghai Clearing House (SHCH), helping propagate a multilateral informational exchange across both businesses, according to a recent TMX statement.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
The MOU itself is the first partnership between the two groups and will look to form a working group to help jointly evaluate multiple business opportunities as well as the development of progressive market solutions. Moreover, one of the fundamental goals of the partnership will be to culture foreign investor participation in China's financial markets.
For its part, SHCH is a qualified Central Counterparty (QCCP) as stipulated by the People's Bank of China, to issue Chinese commercial bonds. As such, both TMX Group and SHCH will look to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term opportunities across each other’s respective core businesses to kindle innovation and market efficiency – implicit in this arrangement is also the engendering of RMB bond and offshore RMB topics.
The announcement is the latest in a series of MOUs from leading institutional venues with Chinese entities, many of which are looking to bolster their involvement with mainland China, arguably the best growth market today.
According to Zhen XU, Chairman of SHCH, in a recent statement on the MOU: "As China's economy continues to develop, the country's financial markets are rapidly opening up to globalization and opportunities for cross-border cooperation. The signing of this MOU with TMX Group marks the beginning of an important partnership for SHCH and the cooperation will enhance communications between Chinese and Canadian financial markets."
"This MoU with SHCH marks the beginning of a promising new relationship for TMX as China begins to take significant steps to open its markets to foreign participation. We look forward to working with an industry leader to closely examine emerging opportunities in the region to leverage TMX's depth of capabilities and expertise in operating efficient markets,” added Lou Eccleston, CEO, TMX Group, in an accompanying statement.
TMX Group, an operator of cash and derivative markets and clearinghouses across multiple asset classes, has signed a memorandum of understanding (MOU) with Shanghai Clearing House (SHCH), helping propagate a multilateral informational exchange across both businesses, according to a recent TMX statement.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
The MOU itself is the first partnership between the two groups and will look to form a working group to help jointly evaluate multiple business opportunities as well as the development of progressive market solutions. Moreover, one of the fundamental goals of the partnership will be to culture foreign investor participation in China's financial markets.
For its part, SHCH is a qualified Central Counterparty (QCCP) as stipulated by the People's Bank of China, to issue Chinese commercial bonds. As such, both TMX Group and SHCH will look to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term opportunities across each other’s respective core businesses to kindle innovation and market efficiency – implicit in this arrangement is also the engendering of RMB bond and offshore RMB topics.
The announcement is the latest in a series of MOUs from leading institutional venues with Chinese entities, many of which are looking to bolster their involvement with mainland China, arguably the best growth market today.
According to Zhen XU, Chairman of SHCH, in a recent statement on the MOU: "As China's economy continues to develop, the country's financial markets are rapidly opening up to globalization and opportunities for cross-border cooperation. The signing of this MOU with TMX Group marks the beginning of an important partnership for SHCH and the cooperation will enhance communications between Chinese and Canadian financial markets."
"This MoU with SHCH marks the beginning of a promising new relationship for TMX as China begins to take significant steps to open its markets to foreign participation. We look forward to working with an industry leader to closely examine emerging opportunities in the region to leverage TMX's depth of capabilities and expertise in operating efficient markets,” added Lou Eccleston, CEO, TMX Group, in an accompanying statement.