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Wednesday, June 13, 2007


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News Update as at 18.00 hrs (IST)


Commodities
MCX signs pact with Shanghai Futures Exchange

MUMBAI: The Multi Commodity Exchange of India (MCX) said on Wednesday that it had signed a memorandum of understanding with Shanghai Futures Exchange (SHFE) of China to share knowledge and expertise.

MCX and SHFE will share information on futures contract traded on the exchanges along with delivery terms and conditions and risk management procedures, it said in a statement.

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