Newedge, a global leader in multi-asset brokerage and clearing, hosted its second annual China Futures Association seminar in Chicago earlier this week for a delegation of senior executives from nearly 40 of China’s top futures commission merchants (FCMs). The day-long event was developed to foster strategic cooperation, provide insight into opportunities in the international futures market, as well as create a forum to discuss global challenges and shared solutions.
The China Futures Association (CFA) Orientation Program featured presentations from top Newedge executives, including: Antoine Babule, Chief Executive Officer of Newedge USA, Thibault Mudes, Americas COO & Global Head of COO Office Prime Clearing Services, Ramir Cimafranca, Head of Institutional Sales Asia, Vivian Deng, Senior Representative China, Bill Gerlesits, Americas Head of Compliance, and Didier Livio, Americas Chief Risk Officer.
“The China Futures Association Orientation Program is an important initiative for Newedge. As a leading global FCM, we have a key role to play in encouraging worldwide cooperation and sharing industry best practice with new participants,” said Mr. Babule. “This event is a true exchange of ideas - China is a region where the futures industry is developing significantly and at pace, so there is much we can learn from the CFA delegation.”
Key topics covered at the seminar included an update on the implementation of Dodd Frank legislation and other new developments in the U.S. futures industry, along with risk management best practices. Participants also learned about Newedge’s leading role in China’s national pilot program for outbound futures.
Wensheng Ma, Chairman of Xinhu Futures, commented,“It is an exciting time to be an FCM in China, and the lessons we have learned from Newedge through this program will be invaluable as we move forward. A particular area of interest for us is solid risk management and operational excellence. We are very impressed by Newedge’s strong global risk management systems and outstanding operations.”
Newedge operates CITIC Newedge, one of the three Sino-foreign joint ventures in the Chinese futures market and the first JV futures company in Shanghai.
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