MCX Partners with Dalian Commodity Exchange

Liu Xingqiang DCE President

Liu Xingqiang DCE President

Multi Commodity Exchange of India Limited (MCX), India’s top commodity bourse, and the People’s Republic of China-based Dalian Commodity Exchange (DCE), have signed a Memorandum of Understanding (MoU) to boost strategic 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.

Mr. P. K. Singhal, Deputy Managing Director of MCX said, “We are delighted to be associated with DCE. As China and India are among the top commodity consuming and producing countries, this alliance will surely go a long way in bringing more mutually beneficial opportunities that would eventually result in creating more efficient markets.”

Mr. Liu Xingqiang, Chairman, DCE said, “We are pleased to be associated with MCX, China and India are two big commodity producers and consumers in the world. The futures markets of China and India have a lot in common but with their own characteristics. The mutually beneficial partnership established between the two exchanges will enable us to understand one another’s markets, through which we could share expertise and best practices for mutual promotion and progress. We are looking forward to furthering the cooperation with MCX, working hand in hand for making contribution to the development and prosperity of the Asian and global derivatives markets as well as better serving the real economy.”

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