By Reuters
CME Group Inc., operator of the world’s leading energy, grains and precious metals markets, is in talks with China’s securities regulator to enter the mainland’s financial derivatives market, the official China Daily reported on Thursday.
CME President Phupinder Gill told the newspaper that the group was in talks with the China Securities Regulatory Commission (CSRC) about starting a pilot overseas futures trading business that would allow some futures companies from China to buy and sell futures on the Chicago-based international exchange.