On Wednesday, the China Futures Association (CFA) and The Options Industry Council (OIC) announced they have signed a Memorandum of Understanding (MOU) to establish cooperation on options education, information sharing and training.

This comes as China?s presence in the global marketplace continues growing along with its need for access to and development of diverse financial products including listed options, noted OIC. With this new MOU, the two groups plans to work together and cooperate on options education.

Mary Savoie, OIC Executive Director, said in the press release,??We are very pleased to sign this MOU with CFA and look forward to working together toward the same goal of educating Chinese market participants about the responsible use of options.??

Mr. Liu Zhichao, Chairman of CFA, added, “With the joint efforts of both parties, we believe that this collaboration will further promote the development of the futures industry, especially for options. We look forward to working with OIC in the years ahead.?

On the international front, OIC has worked with partners throughout North America, Europe and Asia to provide options education. This latest collaboration is just another example of their global efforts. Last month,OIC released a study of European demand for options. This had been conducted with TABB Group.