The Tokyo Commodity Exchange (TOCOM) announced today the signing of a Memorandum of Understanding (MOU) with Huatai Futures to establish a cooperative relationship between the two entities.
Both parties agreed to develop mutually beneficial business opportunities and other areas of collaboration. They also intend to pursue projects that could increase market liquidity, reliability and operating efficiency.
Currently, Huatai Futures is applying for a TOCOM remote broker membership for its Hong Kong subsidiary. Later they will launch a joint marketing project in mainland China.
Established in 1994 and headquartered in Guangzhou, Huatai Futures is a leading futures brokerage in China and capitalized at eight hundred million yuan. Huatai operates 32 sales offices across China and is a clearing member of Shanghai Futures Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange, and China Financial Futures Exchange.