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MCX signed MoU with China’s DCE

Nov 21, 2013 15:52 IST

Multi Commodity Exchange of India Ltd (MCX) signed an agreement with China based Dalian Commodity Exchange (DCE) on 20 November 2013. Both Commodity future exchanges alliance will boost the strategic co-operation.

The agreement is designed to facilitate potential collaboration in areas such as knowledge sharing, research and price risk management. The move will also foster the development of communication channels for the sharing of information between the exchanges.

About MCX

The Multi Commodity Exchange of India Limited (MCX), India’s first listed exchange, is a state-of-the-art, commodity futures exchange that facilitates online trading, and clearing and settlement of commodity futures transactions, thereby providing a platform for risk management.
 
The Multi Commodity Exchange, which started operations in November 2003, operates within the regulatory framework of the Forward Contracts Regulation Act, 1952 (FCRA, 1952).

About DCE

Founded on 18 November 1993, Dalian Commodity Exchange (DCE) is one of the four futures exchanges under the supervision and administration of the China Securities Regulatory Commission (CSRC) upon the approval of the State Council, and also the only futures exchange in Northeast China.

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Quick Digest

Who: MCX and DCE

Where: Mumbai

What: MoU

When: 20 November 2013

Is this article important for exams ? Yes3 People Agreed
Read more Current Affairs on: MCX , Dalian Commodity Exchange , DCE

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