Newedge has hosted a seminar in Chicago for senior executives from nearly 40 of China’s top futures commission merchants on opportunities in today’s international futures market.
The China Futures Association (CFA) Orientation Program focused on strategic cooperation and featured presentations from top Newedge executives, including: Antoine Babule (pictured), chief executive officer of Newedge USA; Thibault Mudes, Americas chief operating officer and global head of COO office, prime clearing services; Ramir Cimafranca, head of institutions sales, Asia-Pacific; Gary DeWaal, special adviser; and Jim Vinci, Americas chief risk officer.
Topics covered at the seminar included new developments in the US futures industry, the importance of customer protection and strategies to improve customer confidence, risk management, and Newedge’s role in China’s national pilot programme for outbound futures.
“As one of the world’s premier FCMs, we believe that it is our responsibility to be a strong advocate for the futures industry across the globe,” says Babule. “The organisations attending our event have the potential to be major players in this industry as it continues to rapidly develop in Asia, and where better to educate them on the particulars of our market than in Chicago, the birthplace and traditional hub of the futures industry.”
Jianjun Shi, chief executive of Zhejiang Provine Yongan Futures Brokerage and deputy vice president of CFA, says: “Learning from and exchanging ideas with Newedge, one of the largest global FCMs and an industry leader with a unique business model, has been truly inspiring. We look forward to engaging in a continuous close dialogue and, in consequence, evolving the futures industry in China.”
Newedge operates CITIC Newedge, one of the three Sino-foreign joint ventures in the Chinese futures market and the first joint venture futures company in Shanghai.