MCX has partnered with Dalian Commodity Exchange of China to facilitate potential collaboration in areas such as knowledge sharing, research and price risk management
Multi Commodity Exchange of India Ltd (MCX), the country's largest commodity bourse, said it has signed a memorandum of understanding (MoU) with China-based Dalian Commodity Exchange (DCE) for knowledge sharing, research and price risk management.
In a release, PK Singhal, deputy managing director of MCX said, "As China and India are among the top commodity consuming and producing countries, this alliance will surely go a long way in bringing more mutually beneficial opportunities that would eventually result in creating more efficient markets."
"The futures markets of China and India have a lot in common but with their own characteristics. The mutually beneficial partnership established between the two exchanges will enable us to understand one another's markets, through which we could share expertise and best practices for mutual promotion and progress," said Liu Xingqiang, chairman of DCE.
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