Difference between revisions of "Memorandum Of Understanding"

From MarketsWiki
Jump to navigation Jump to search
Line 28: Line 28:
== References ==
== References ==
<references />
<references />

Revision as of 13:57, 21 October 2008

A memorandum Of understanding (MOU) is an agreement between two parties and is often the same as a letter of intent. Many financial industry exchanges have signed MOUs with other exchanges in an effort to position themselves for a more global environment. These agreements between exchanges provide the opportunity to develop products that will benefit market users and enhance resources to educate individuals on the specific services of each exchange. Non-exchange MOUs have been agreed upon for the sharing of information and partnership opportunities.

Exchange MOUs[edit]

CME Group[edit]




Regulatory MOUs[edit]

  • The Securities and Exchange Commission and the College of Euronext Regulators, which includes; The Netherlands, France, Belgium, Portugal, the United Kingdom and the United States, entered a memorandum of understanding, in January of 2007, when Euronext combined with the New York Stock Exchange in order to create the new group, NYSE Euronext. The MOU expresses each parties willingness to cooperate with each other in the interest in fulfulling their respective regulatory mandates particulary in the area of investor confidence and systemic stability.[7]

Broker/Dealer MOUs[edit]

  • Reliance Money, the largestbrokerage house in India, signed a memorandum of understanding with OptionsXpress to provide access, custody and execution services for their customers looking to trade in the U.S. markets.[8]