Published On: Mon, Dec 20th, 2010

MCX Partners with Taiwan Futures Exchange

MCX and the Taiwan Futures Exchange (TAIFEX) have signed a Memorandum of Understanding (MoU) with an aim to develop commodity derivatives markets in India and Taiwan by sharing information and best practices pertaining to product development, business and marketing initiatives, technology, and areas of mutual interest. The MoU is another step towards MCX’s endeavours to integrate with the global commodities ecosystem

MCX offers commodity futures contracts in bullion, base metals, energy, agricultural and other commodities whereas TAIFEX offers equity and commodity derivatives products.

Mr. Lamon Rutten, Managing Director & CEO of MCX, said “We are delighted to be associated with TAIFEX. The MoU will provide an opportunity to understand one another’s markets, and share expertise and best practices. We look forward to a longstanding and gratifying partnership with Taifex.”

“To cope with challenges of the changing global capital market, collaborations among exchanges have been increasingly important,” said Mr. Steve Wang, President of TAIFEX. “We are pleased to cooperate with MCX to better serve the markets of Taiwan and India. With a history of twelve years, TAIFEX has launched several successful products over the years and we would like to share our experiences with MCX. The new partnership will contribute greatly to the mutual benefits of the two exchanges,” added Wang.

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