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The Tokyo Commodity Exchange, Inc. (TOCOM) announced on 4 August the signing of a Memorandum of Understanding (MOU) with Zhongtai International Futures Limited in Hong Kong on August 3. The MOU will allow for collaboration on mutually beneficial business opportunities. It also opens joint-efforts on projects to increase market liquidity and reliability.
Zhongtai International Futures is a Hong Kong-based, Chinese futures commission merchant (FCM) and a subsidiary of Zhongtai Securities. Zhongtai Securities is headquartered in Jian, Shendong and is one of the largest brokerages in China. In April, TOCOM organized a networking reception for Chinese FCM’s and TOCOM Broker Members in Hong Kong. The reception was organized jointly with the futures committee of Chinese Securities Association of Hong Kong. Zhongtai International Futures attended and its managing director Mr. Dai Zhiqiang was the committee chairperson. Then successful collaboration lead the two organizations to sign the agreement.
At the signing ceremony, Takamichi Hamada, President and CEO of TOCOM commented, “I am thankful for the support of Mr. Dai Zhiqiang and his colleagues at Chinese Securities Association of Hong Kong in bringing together brokerages from Hong Kong and Japan. We will work with Zhongtai International to push ahead with joint marketing and the development of the Hong Kong-Japan network of brokerages.
Mr. Dai Zhiqiang, Managing Director, Zhongtai International Futures, and Takamichi Hamada, President & CEO, TOCOM shake hands after signing the memorandum
