Nagoya Commodity Exchange(ngcx)has signed a Memorandum of Understanding (MoU) to boost strategic co-operation. The name of the top Asian Commodity Exchange will be announced at a future date.
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.
Mr. GenichiNakatoni, Chairman and CEO of Nagoya Commodity Exchange(ngcx.org )said“We are delighted to be associated with a top Asian Commodity Exchange as our countries are among the top commodity consuming and producing countries, this alliance will surely go a long way in bringing more mutually beneficial opportunities that would eventually result in creating more efficient markets.”
Chairman of Nagoya Commodity Exchange’s partner said, “We are pleased to be associated with Nagoya Commodity Exchange(ngcx.org), our countries are two big commodity producers and consumers in the world. The futures markets of both countries have a lot in common but with their own characteristics. The mutually beneficial partnership established between the two exchanges will enable us to understand one another’s markets, through which we could share expertise and best practices for mutual promotion and progress. We are looking forward to furthering the cooperation with Nagoya Commodity Exchange, working hand in hand for making contribution to the development and prosperity of the Asian and global derivatives markets as well as better serving the real economy."
About Nagoya Commodity Exchange(ngcx.org)
Nagoya Commodity Exchange(ngcx) is astate-of-the-art, fully electronic commodities market offering a full range of listing and trading opportunities for international and domestic commodities, debt, depository receipts, insurance securitization and derivative warrants.Nagoya Commodity Exchangefacilitates commodities trading and clearing and settlement of commodity futures transactions, thereby providing a platform for risk management. Nagoya Commodity Exchangesignificant growth over the last several years is due in large part to the company's innovative and flexible approach. In addition to taking a leading role in what has become a world trend towards profitability and demutualization, the Exchange has sought to create unique products and services for its markets.
Nagoya Commodity Exchange (ngcx) significant growth over the last several years is due in large part to the company's innovative and flexible approach. In addition to taking a leading role in what has become a world trend towards profitability and demutualization, the Exchange has sought to create unique products and services for its markets.
For more information kindly visit Nagoya Commodity Exchange