The Tokyo Commodity Exchange (TOCOM) and Thailand Futures Exchange (TFEX) announced that they have signed a Memorandum of Understanding (MOU), which will establish a cooperative relationship between the two exchanges. Both parties agreed to exert efforts to develop areas of cooperation and business opportunities which will mutually benefit both exchanges and lead to enhancement of liquidity, efficiency, integrity of the two marketplaces.
Takamichi Hamada, President & CEO of TOCOM said“We are pleased to embark on a cooperative effort. It is based on the friendship nurtured between our exchanges over many years. Product cooperation will be one of the areas for collaboration. TOCOM Rubber is the world’s benchmark and Thailand is the world’s largest producer of natural rubber. We expect to start by promoting an understanding of derivatives’ effectiveness in risk management for rubber producers and risk takers in both countries. We will also look to employ innovative tools to expand the rubber futures markets in both countries.”
TFEX Managing Director, Dr. Rinjai Chakornpipat stated that “MOU is just the starting point for business cooperation between two exchanges. The cooperation will not only include the knowledge sharing between exchanges but also the exploring of feasible product cooperation that would benefit both marketplaces. With the merger of the Agriculture Futures Exchange of Thailand (AFET), TFEX has established essential elements to support and grow its agriculture futures business at local and international levels. The cooperation with TOCOM is aimed to explore the business opportunities that could mutually benefit both exchanges and support TFEX‘s international expansion.”
(Source: Tokyo Commodity Exchange )
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