Dalian Commodity Exchange , DGCX Reach Consensus On Deepening Cooperation In Products

During China (Shenzhen) International Derivative Forum, Dalian Commodity Exchange (DCE) and the Dubai Gold and Commodities Exchange (DGCX) held talks on deepening cooperation in the market, and the two sides reached the consensus on deepening the cooperation in research and development of products when the time is ripe in the future.

In the talk, a DCE official said that with huge potential in development, China’s derivatives market has drawn attention of derivatives exchanges across the world. In recent years DCE has signed agreements of strategic cooperation with a number of overseas exchanges, and DCE hopes to further deepen the cooperation with international counterparts on the basis of mutual respect and full consultation when the time is ripe.

As agreed by both parties, under the premise of mutual respect and full communication and consultation as well as allowable regulatory environment, in the future, the two sides will further deepen cooperation in chemical products, agricultural products and other fields, give play to the advantages of both sides, more effectively meet the market demand and provide the participants in both markets with more transparent price discovery platforms and more effective risk management tools.

Since DCE and DGCX signed the memorandum of understanding on cooperation in September 2012, the two parties have maintained good relations of cooperation, having actively carried out exchanges and cooperation in sharing of information, product and market development, exchange visits and other aspects.