Euronext And DCE Sign MOU
The two exchanges have agreed a series of engagements to research the demand for commodity products in new geographic areas and to develop strategies for the distribution and trading of these products in safe and orderly markets. Future work will include consideration of the cooperative development of new products that could benefit from international promotion and distribution. In addition, the two exchanges have agreed to mutual support of each other’s commodity derivatives activities in educational programs and at events and conferences.
Dominique Cerutti, CEO of Euronext, said, “This is an important event for both our exchanges and we are extremely honoured to have taken this step with the Dalian CommodityExchange, which is rapidly becoming one of the world’s most important commodities exchanges in the key Chinese market. Our experience has shown that long-term cooperation can produce strong results and we hope that this agreement will be the start of a new chapter in a long-lasting relationship of working together.Our commodities franchise is a fast growing area within Euronext as we launch new products and build our footprint internationally. Today’s signature marks another important moment in its development. ”
Liu Xingqiang, Chairman of DCE, said, “As one of Europe’s leading exchanges, Euronext, with rich experience in derivatives business, technical innovation and global cooperation, can complement DCE in many areas. We will take this memorandum as an opportunity to further enhance and expand the partnership with derivatives markets with Euronext, and further increase our opening-up to the global markets, so as to contribute to the prosperity of the global derivatives market.”