DGCX and DCE..... to enhance the derivatives marketplace in the Middle East and Asia
DGCX, Chinese exchange to boost ties
DUBAI, December 9, 2014
Dubai Gold and Commodities Exchange (DGCX) and Dalian Commodity Exchange (DCE) have joined hands in order to enhance the derivatives marketplace in the Middle East and Asia.
Following discussions held during the China International Derivatives Forum (CIDF) in Shenzhen, DCE and DGCX further agreed to collaborate in developing products in the petrochemicals and agricultural sectors in active consultation with market regulators in China and UAE, said a company statement.
The exchanges aim to combine each other’s product development strengths and expertise to efficiently serve the needs of each of their markets.
Since the signing of a memorandum of understanding (MoU) in 2012, both the exchanges have been working closely to further product development cooperation and knowledge sharing.
The simultaneous launch of their respective polypropylene (PP) futures contracts in February 2014 was a result of this collaboration. – TradeArabia News Service