Signing Of MOU between Tokyo Commodity Exchange And Agricultural Futures Exchange Of Thailand

The Tokyo Commodity Exchange (TOCOM) and the Agricultural Futures Exchange of Thailand (AFET) announced today that the two exchanges signed a Memorandum of Understanding.

Based on the MOU, TOCOM and AFET will be engaged in the fields such as;

• Exploring area of cooperation and business opportunities
• Establishing procedures for communication and information exchange between TOCOM and AFET to ensure the markets function in a fair and orderly manner
• Exchanging information with regard to contract design/specifications, marketing, market monitoring/surveillance method, market operation, trading practices and regulations of both countries.

Mr. NANGAKU Masaaki, TOCOM Chairman said, "We are glad to build this relationship with AFET and expect the relationship to benefit each rubber contract of both markets. TOCOM locates in a large rubber consuming country, while AFET locates in Thailand, one of the major rubber producers. We are trying to enhance our market usability by cooperating in areas including contract design and market management."

Dr. Suvarn Valaisathien, AFET Chairman said, "We are honored and proud to be in an alliance with the TOCOM which is a leading commodity exchange. AFET, the exclusive agricultural futures exchange in Thailand, aims to collaborate with the TOCOM to serve both the international hedgers and investors, by providing an efficient and transparent futures trading facility guaranteeing the integrity of the market place."