BUSINESS

MCX inks MoU with Shanghai Exchange

CHENNAI: Multi Commodity Exchange of India (MCX) and Shanghai Futures Exchange (SHFE) of China signed a memorandum of understanding (MoU) on Wednesday to share knowledge and expertise for further development of their exchange ecosystems. In order to ensure that the advantages of an efficient futures market are made available to users within and outside their respective countries and subject to the necessary regulatory approval, MCX and SHFE will share experiences, business rules, byelaws and regulations. This will include information on futures contracts traded on the exchanges along with delivery terms and conditions and risk management procedures, says a release.

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