Multi Commodity Exchange (MCX) and the People’s Republic of China-based Dalian Commodity Exchange (DCE) have signed a memorandum of understanding to boost co-operation.
The agreement is designed to facilitate potential collaboration in areas such as knowledge-sharing, research and price risk management.
The move will also foster the development of communication channels for the sharing of information between the exchanges, MCX said in a press statement.
P.K. Singhal, Deputy Managing Director of MCX, said: “As China and India are among the top commodity consuming and producing countries, this alliance will help in bringing more mutually beneficial opportunities that would eventually result in creating more efficient markets.”