The Dubai Gold and Commodities Exchange (DGCX) and Dalian Commodity Exchange (DCE) announced today, Tuesday, that they are in the process of taking steps to further deepen product development cooperation between them in order to enhance the derivatives marketplace in Middle East and Asia.
Following discussions held on the sidelines of the China International Derivatives Forum (CIDF) in Shenzhen, the DCE and DGCX agreed “to collaborate in developing products in the petrochemicals and agricultural sectors in active consultation with market regulators in China and UAE”, DCGX revealed in a statement, adding that the exchanges seek to combine each other’s product development strengths and expertise to efficiently serve the needs of their respective markets.
Since the signing of a memorandum of understanding (MoU) in 2012, both the exchanges have been working closely to increase product development cooperation and knowledge sharing. A product of this collaboration was the simultaneous launch of the two exchanges’ polypropylene (PP) futures contracts in February 2014.
It is worth noting that both commodities exchanges continue to engage with each other to use feedback from participants in each other’s markets to improve product design and specifications. Following the recent discussions, DGCX has decided not to go ahead with the scheduled launch of Cash Settled China Soybean Oil futures contract at this time.
Photo Credit: Arabianeye-Reuters
Following discussions held on the sidelines of the China International Derivatives Forum (CIDF) in Shenzhen, the DCE and DGCX agreed “to collaborate in developing products in the petrochemicals and agricultural sectors in active consultation with market regulators in China and UAE”, DCGX revealed in a statement, adding that the exchanges seek to combine each other’s product development strengths and expertise to efficiently serve the needs of their respective markets.
Since the signing of a memorandum of understanding (MoU) in 2012, both the exchanges have been working closely to increase product development cooperation and knowledge sharing. A product of this collaboration was the simultaneous launch of the two exchanges’ polypropylene (PP) futures contracts in February 2014.
It is worth noting that both commodities exchanges continue to engage with each other to use feedback from participants in each other’s markets to improve product design and specifications. Following the recent discussions, DGCX has decided not to go ahead with the scheduled launch of Cash Settled China Soybean Oil futures contract at this time.
Photo Credit: Arabianeye-Reuters
Source:
Mubasher
