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CME Group, the derivatives marketplace headquartered in Chicago, and Korea Financial Investment Association (KOFIA), report that they have signed a letter of intent to explore market education and training collaboration.
A letter-of- intent signing ceremony was held in Seoul, where Christopher Mead, managing director, marketing, CME Group, and Sang-Hun Chun, managing director, KOFIA, were the signatories, officials say.
“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,” William Knottenbelt, CME Group’s senior managing director, international, says in a statement.
“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,” Young-Key Hwang, KOFIA chairman, says in the statement.
Terry Duffy, CME Group executive chairman and president, notes that “CME Group volume in Asia growing 22 percent year over year.”
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