CHICAGO (April 16, 2014) - The China Futures Association (CFA) and The Options Industry Council (OIC) announced today that they have signed a Memorandum of Understanding (MOU) to establish cooperation on options education, information sharing and training.
As China’s presence in the global marketplace continues to grow, so does the need for access to and development of diverse financial products such as listed options. Both CFA and OIC recognize the importance of an educated investor base for financial markets to thrive. With the MOU in place, they plan to work together and cooperate on options education.
OIC has been the premier, independent source of equity options education in the U.S. for more than 20 years. Internationally, OIC works with partners throughout North America, Europe and Asia to provide options education.
“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,” said Mary Savoie, OIC Executive Director.
Mr. Liu Zhichao, Chairman of CFA said:” 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.”
OIC is an industry cooperative funded by all the U.S. options exchanges and OCC. OIC was formed in 1992 to educate investors and their financial advisors about the benefits and risks of exchange-traded equity options. OIC's resources include: Investor Services live help at 1-888-OPTIONS, its educational website at www.OptionsEducation.org, live seminars throughout the continental United States and Canada, and educational literature.
Founded on December 29, 2000, CFA is a self-regulatory organization for the futures industry in China. CFA aims at realizing self-regulation management on futures industry; exerting the bridge and link roles between government and futures industry, serving its members, and protecting investor's interests.