Dalian Commodity Exchange, MCX Sign MOU On Cooperation

On November 20, Dalian Commodity Exchange (DCE) and Multi Commodity Exchange of India Ltd (MCX) signed a memorandum of understanding on cooperation in Mumbai, India to explore new areas of cooperation, promote the global strategic cooperation and pave the way for potential business cooperation between the two sides.

The MOU aims to promote the bilateral cooperation in development of products, management of price risks, resources sharing and other areas, and facilitate the establishment and improvement of the channels of information sharing and exchange for both sides.

At the signing ceremony, Mr. P.K. Singhal, Acting President of MCX, said, "We are very pleased to cooperate with DCE. In the constantly changing global market, it is increasingly important for the exchanges to cooperate with each other so as to better meet the challenges. Since China and India are both major commodity consumers, the move is bound to bring continuous opportunities for cooperation for both sides, thus creating a more efficient market environment.”

Mr. Liu Xingqiang, DCE Chairman, said, “On the basis of the fact that China and India are both major producers and consumers of bulk commodities, the futures markets of the two countries share a lot in common while having their own characteristics. The establishment of the relationship of mutually beneficial cooperation between the two sides will facilitate our understanding of each other's markets and the sharing of expertise and market practices as well as achieve mutual promotion and common advancement. We expect to extend and deepen the cooperation with MCX and join our hands to contribute to the development and prosperity of the Asian and global derivatives markets as well as better serving the real economy.”

About MCX

Headquartered in Mumbai, India's economic center, the Multi Commodity Exchange of India Ltd (www.mcxindia.com), is India’s first nationwide electronic futures exchange as a listed company, and has obtained the permanent license granted by the Government of India. MCX provides fair price discovery and price risks management for the ecosystem of the commodity markets. MCX has a variety of traded commodities, including gold, energy, metals and agricultural products, etc. MCX has established the strategic partnership with various commodity exchanges and related business organizations both at home and abroad.

About DCE

Established on November 18, 1993, Dalian Commodity Exchange (www.dce.com.cn) is one of the four futures exchanges approved by the State Council and supervised by the China Securities Regulatory Commission (CSRC) as well as the only futures exchange in Northeast China. Approved by the CSRC, a total of 12 futures products have been listed and traded currently, including Corn, No. 1 Soybean, No. 2 Soybean, Soybean Meal, Soybean Oil, RBD Palm Olein, LLDPE, PVC, Coke, Coking Coal, Iron Ore, and Egg.