Collaboration opportunities explored with CME
As part of the joint Mongolia Investment Week that took place in New York City, USA, representatives from the Mongolian Stock Exchange (MSE) engaged in discussions with counterparts from the Chicago Mercantile Exchange (CME) to explore collaboration opportunities in commodity trading and derivative securities. On April 25, Director of the Business Development Department at MSE T.Khash-Erdene, along with Deputy Consul at the Consulate of Mongolia in Chicago G.Batkhurel, met with key figures from the CME, including Director of Metals Products Department Alex Alcantara and Director of Corporate Strategy Danijel Medic.
During the meeting, CME provided comprehensive insights into the global metal derivatives market, highlighting CME Group’s prominent position and expertise in metal products trading. T.Khash-Erdene also presented an overview of the Mongolian market, emphasizing the exchange’s focus on digital data and its development and operational strategies.
Both parties agreed to foster collaboration by sharing commodity trading experiences, enhancing human resources capabilities and introducing derivative securities to the Mongolian market. Furthermore, plans were made to explore cooperation opportunities in coal futures, copper futures and options.
Established in 1898, the CME Group stands as the world’s largest financial derivatives exchange, facilitating trading in a diverse range of products including agricultural commodities, currencies, energy resources, metals, futures contracts, options, stock indices and cryptocurrency futures. With a strong presence in approximately 150 countries, CME Group offers highly liquid metal derivative products and provides electronic trading services through its Globex platform, catering to clients worldwide.