123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Ngmex Was Granted License To Clear Interest Rate Swaps In People’s Republic Of China

Profile Picture
By Author: 1888pressrelease
Total Articles: 334
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

(1888 PressRelease) This marks an important milestone for NGMEX in People’s Republic of China, as we continue to deliver on our growth strategy.

NGMEX, a full-service commodity and multi asset exchange that incorporates the complete workflow of a trading venue and also provides on-line commodity futures and options trading, is pleased to announce that it has been formally granted the status of Foreign Clearing Authority (FCA) by the Chinese Trading Administration.

With this Foreign Clearing Authority status, the clearing house division of NGMEX - NGMEX Clearing, is now able to clear non-Yen interest rate swaps on behalf of Chinese-based financial institutions. It will offer customers a wide range of financial products that will help them better navigate the commodity world.

"We are extremely happy to obtain this license to clear non-Yen interest rate swaps, as we have seen an increasing demand for our services as our customers look to take advantage from capital efficiencies for their interest rate swap portfolios," said Tadayo Shimizu, Senior Managing Director, and President of NGMEX Clearing.

"This ...
... is an important milestone for NGMEX in Asia Pacific Region, as we continue to deliver on our growth strategy," said Ryuya Harumi, Managing Director and Head of Asia Pacific, NGMEX. "Beijing is a very important global international financial center and we are very excited to be able to play a role here in helping to integrate the global interest rate swap market into People’s Republic of China, and strengthening Nagoya's position as an OTC derivatives hub."

NGMEX appointed Dr. Tadoki Hashimoto as Executive Director, Head of China Operations, to develop growth opportunities and customer relationships in People’s Republic of China.

Nagoya Mercantile Exchange (NGMEX)
NGMEX is a full-service multi asset exchange that incorporates the complete workflow of a trading venue and also provides on-line commodity futures and option trading. The organization believes in delivering nothing but the best to its loyal customers. From the individuals to the corporations, from institutions to the government agencies, NGMEX has always been a trusted establishment offering genuine industry insights and information on the benchmark commodity prices. NGMEX mission is to provide traders with state-of-the-art order entry capabilities, extremely competitive execution timing and the professional service that today's financial world demands.


Total Views: 109Word Count: 361See All articles From Author

Add Comment

Business Articles

1. How To Choose The Right Franchise
Author: Sparkleminds

2. Things You Need To Know About Buying Wordpress Hosting
Author: jaysurya

3. What Do You Understand By Web Hosting For Sale?
Author: jaysurya

4. The Best Mass Gainers For Different Types Of Muscle Gains
Author: probilder

5. Can Nutrex Lipo 6 Black Natural And Nutrex Lipo6 Black Ultra Concentrate Help You Lose Weight?
Author: probilder

6. Buy Real And Cheap Youtube Views
Author: Daniel Jones

7. What Are The Characteristics Of Effective Communication?
Author: Charles

8. Company Set Up With Bank Account Can Help You Get A Bank Loan Easily!
Author: TBA Associate

9. Best Gel And Foam Cushions Deliver Great Comfort And Support!
Author: Kelvin Thomas

10. Combo X70 Impels Balaji Construction’s M-sand Journey In Omerga, Maharashtra
Author: cdeasia

11. How To Use Proof Alcohol For Sterilization?
Author: Andrew Winslow

12. What Are The Significance Of Poly(methyl Methacrylate) Microspheres?
Author: Alpha Nanotech

13. Acknowledge The Major Changes In Brc Food Issue 9
Author: john

14. Advantages Of Maverick 88 Heat Shield
Author: Slade Street Tactical

15. Remington 870 Heat Shield Magpul: Try Out For An Impressive Experience
Author: Slade Street Tactical

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: