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Our Bureau

Mumbai , July 31

MCX and Euronext.liffe announced that they have signed a licensing agreement for MCX to use Euronext.liffe futures prices.

The agreement, which takes effect immediately, will allow MCX to list domestic `mini' futures contracts for both robusta and white sugar based upon Euronext.liffe futures prices. In addition, a memorandum of understanding has been signed to identify other areas of potential collaboration.

This agreement would help in the provision of effective risk management tools to the domestic sugar and coffee industries, a release quoting Mr Hugh Freedberg, CEO, Euronext.life, said.

"With this development, the Indian industry can contribute in the global price discovery process by actively discounting the domestic fundamentals in the Indian time zone and in the process benefit from fair prices,'' a press release quoting Mr Jignesh Shah, Managing Director & CEO, MCX, said.

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Euronext.liffe, MCX ink pact

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