The Hindu Business Line : MCX ties up with Shanghai bourse

Multi Commodity Exchange of India (MCX) and Shanghai Futures Exchange (SHFE) of China on Wednesday signed a MoU to share knowledge and expertise for further development of their exchange ecosystems. The MoU was signed by Mr Lamon Rutten, Joint Managing Director of MCX, and Madam Wang Lihua, Chairperson of SHFE, at Pudong Shangri-La Hotel, Shanghai, China. MCX and SHFE will share experiences, business rules, byelaws and regulations. This will include information on futures contracts traded on the exchanges along with delivery terms and conditions and risk management procedures. Madam Wang Lihua stated, "As the world's exchanges step up industry consolidation amid the trend of increasing economic globalisation, the Shanghai Futures Exchange has taken an important step by joining hands with MCX and forming a strategic partnership. The singing of the MoU between the two exchanges will enable both sides to exchange information, engage in constructive cooperation and take advantage of each other's strengths."

More Stories on : Commodity Exchanges | Alliances & Joint Ventures

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Jeera futures witness correction

MCX ties up with Shanghai bourse

Strong flows may toss up `low' over Bay

Kolkata to host 3-day Mango Mahotsav from tomorrow

Wafers & finger chips

UP mangoes on display

Coop gains from selling arecanut in small packets

Spot rubber prices recover

Price realisation at tea auctions gains marginally

Higher volume of tea on offer at Coonoor sales

Coir Board invites entries for awards

Sharp fall in pepper futures

Differences over floating domestic wheat tender

Record global wheat prices raise worries

NMCE stake: BSE submits proposal to FMC