Tuesday March 18 2014

News Source: Global Exchanges

Focus: Other

Type: General




The Tokyo Commodity Exchange and DME, the premier international energy futures and commodities exchange in the Middle East, have announced that they have signed a Memorandum of Understanding (MoU) on March 12 to strengthen their cooperation in promoting the development of energy contracts and in particular crude oil which is listed on both exchanges.

TOCOM and DME will explore several areas of cooperation ranging from joint marketing activities, offering new services to facilitate trading for participants in both markets, in addition to working together to enhance their respective role as marketplaces providing key benchmarks for Asian crude, with the objective of boosting trading activities in both markets.

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