A memorandum of understanding (MOU) has been signed between the Singapore Exchange (SGX) and Commercial Bank of China Limited (ICBC) to develop derivatives trading, bond trading and market making of Ren Min Bi dominated contracts registered on SGX. SGX and ICBC will also explore collaboration in derivatives trading, bond trading and market making of RMB denominated contracts listed on SGX. The MOU is expected to be implemented in a phased manner over three years with an initial focus on equity derivatives.
A memorandum of understanding (MOU) has been signed between the Singapore Exchange (SGX) and Commercial Bank of China Limited (ICBC) to develop derivatives trading, bond trading and market making of Ren Min Bi dominated contracts registered on SGX. The MOU is expected to be implemented in a phased manner over three years with an initial focus on equity derivatives.