国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Economy

Markets

Industries

Insights

Reports

Events

Asian derivatives market prospects 'rosy', CME head says

(China Daily/Agencies)
Updated: 2009-10-09 08:15

CME Group Inc, the world's largest futures exchange, predicts "great growth" in Asian derivatives as the economy expands, Executive Chairman Terry Duffy said.

"That's one of the reasons I'm here," Duffy said in an interview in Hong Kong yesterday. "We're making certain that the CME continues to expand its business outside the US. We need to get involved."

CME Group said last month it would buy a 25 percent stake in Bursa Malaysia Bhd's derivatives unit and license its palm oil settlement prices to tap hedging demand for the world's most-traded vegetable oil. Developing Asian economies will grow 6.2 percent this year and 7.3 percent in 2010, according to International Monetary Fund forecasts.

Duffy didn't specify which countries or markets the group was looking at for further growth. Derivatives, such as futures or options, are used to hedge risks or speculate on assets.

Related readings:  Regulator to tighten grip on derivatives trading  Treasury asks for control of derivatives market  Avoid risky derivatives, SOEs told  Regulator: China should meet rising derivatives demand

"Appetite for risk management is something that I was quite surprised how big it is and people need to manage their risks," Duffy said at a briefing in Singapore. "Asian business produces so much for the world versus what they've produced 10 years ago. I'm very excited with the opportunity the CME has here."

The expected growth rate for developing Asian countries compares with a 3.4 percent contraction in 2009 in advanced economies before expansion of 1.3 percent in 2010, according to the IMF forecasts.

Nymex Holdings Inc shareholders in August last year approved a takeover offer from Chicago-based CME, helping cement the group's position as the world's top derivatives exchange.

"Our strategy is to continue to grow," Duffy said at the briefing. "Asia is the place for the CME to expand its businesses dramatically. We could add a lot of value. Regulators that I've been meeting with have been very receptive to our business model."