MCX
India, a subsidiary of Financial Technologies India
Ltd, offers commodity futures contracts in agriculture,
metals and energy commodities whereas ZCE China offers
commodity futures contracts in wheat, cotton and white
sugar. The exchanges will work together to develop areas
of cooperation and business opportunities with the goal
of assisting and benefiting the underlying producers,
end-users, and investors in their commonly traded products
by maximizing the application of international best
practices for price risk management and exchange operations.
Jignesh
Shah, managing director and chief executive officer,
MCX, said, "We are pleased to work with the ZCE,
which is one of the leading commodity exchanges in China.
Through this association
we shall be able to learn from each others experiences
in the respective countries, which will go a long way
in developing closer ties between us."
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