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Tokyo Financial Exchange and Dalian Commodity Exchange sign MoU

09 June 2006  |  1974 views  |  0 Source: Tokyo Financial Exchange

Tokyo Financial Exchange Inc. (TFX) and the Dalian Commodity Exchange (DCE) today announced that they have signed a Memorandum of Understanding (MOU) to co-operate in the development and efficient operation of both markets.

By signing the MOU, TFX and DCE will initiate a development of cooperation and business opportunities through information sharing, and market/product development. Both exchanges will share information about new products, trading methods and changes to the contract specifications of listed products, and assist one another generally in marketing and educational programs such as informational meetings and industry research symposiums.

The following comments have been made by the two exchanges on the signing of the MOU.

Mr. Jiro Saito, President and CEO of TFX stated "Signing this MOU with DCE, which we respect as one of the largest futures exchange in China, has very significant meaning for TFX. DCE has actively developed international cooperation and vigorous product innovation for years and makes a great progress. We believe that the futures market will become more important in the fast-growing Chinese Market. We expect to further strengthen the cooperation between TFX and DCE, and to enhance market developments of both exchanges."

Dr. Yuchen Zhu, DCE President and CEO, stated, "Internationalization is an important part of the DCE's long-term developing strategies. China's futures market has been fast developing for years and will definitely keep this trend; our government also hopes the derivatives market would play more important role for China's economy growth and releases more and more policies recent years to promote the development of derivatives market. DCE always keeps a friendly cooperation with Japan's derivatives industry; today, we are pleased to sign this MOU with the TFX and look forward to further cooperation between two exchanges, which will benefit both markets."

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