CME Group Inc (NASDAQ:CME), the international derivatives marketplace, keeps expanding its education services offering, with the focus now shifting to the lucrative and fast-growing Asian market.
CME Group has just announced that it has sealed a partnership with Korea Financial Investment Association (KOFIA) in the area of market education and training. A Letter of Intent (LOI) was signed at an official ceremony in Seoul, with Christopher Mead, Managing Director, Marketing, CME Group, and Sang-Hun Chun, Managing Director of KOFIA, being the signatories.
The rationale behind such a collaboration is solid and multi-facet.
“With recent CME Group volume in Asia growing 22 percent year over year, we continue to focus on how we can meet the needs of our customers in the Asia Pacific region,” said Terry Duffy, CME Group Executive Chairman and President. “This Letter of Intent we have signed puts us in a strong position to extend our investor education efforts in Korea, with the support of our local partner KOFIA.”
“We are pleased to sign this Letter of Intent with KOFIA, and we believe this will provide a framework for enhanced cooperation between the two organizations,” said William Knottenbelt, Senior Managing Director, International, CME Group. “Through this Letter of Intent, we hope to continue to deepen our understanding of Korean financial markets, and further extend CME Group’s reach into the Korean marketplace, through working hand in hand with KOFIA in the areas of investor education and training.”
“We are privileged to sign this Letter of Intent, and enhance our cooperative relationship with CME Group,” said Young-Key Hwang, Chairman of KOFIA. “KOFIA is committed in its efforts to build trust and promote better communication within the Korean capital markets, and we are confident of achieving these goals through investor education and training, in collaboration with CME Group.”
We should perhaps recall that CME Group has a robust reputation in terms of delivering market training and education services. Let’s mention at least a couple of its latest endeavours in thar area. In December 2014, CME partnered with Advantage Futures to launch the Market Knowledge Center, and in January 2015, CME rolled out the Futures Institute, an innovative online platform for investors’ education.
To view the official press release on the CME/KOFIA partnership, click here.