MCX signs licensing agreement for Euronext.liffe futures prices

Source: Multi Commodity Exchange of India (MCX)

Multi Commodity Exchange of India (MCX) and Euronext.liffe announced today that they have signed a licensing agreement for MCX to use Euronext.liffe's futures prices.

The agreement, which takes effect immediately, will allow MCX to list domestic 'mini' futures contracts for both Robusta Coffee and White Sugar, based upon Euronext.liffe's futures prices. In addition, a Memorandum of Understanding has been signed, with the objective of identifying other areas of potential collaboration.

Hugh Freedberg, CEO at Euronext.liffe said "We are delighted to have signed this agreement with MCX to help in the provision of effective risk management tools to the domestic Indian sugar and coffee industries."

Mr Jignesh Shah, MD and CEO at MCX stated "With its member and client network spread around the country, MCX will offer these mini futures contracts to every stakeholder in the industry. With this development, the Indian industry can contribute in the global price discovery process by actively discounting the domestic fundamentals in the Indian time zone and in the process benefit from fair prices. We are glad to have Euronext.liffe, the premier global exchange for Robusta Coffee and White Sugar, as our partner for the same."

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