DGCX, Chinese exchange sign MoU

The Dubai Gold and Commodities Exchange (DGCX) and China Financial Futures Exchange (CFFEX) have signed a Memorandum of Understanding (MoU), the first that the Chinese exchange has signed with a derivatives exchange in the Middle East.

The agreement is designed to facilitate closer cooperation in areas concerning risk management, business strategy, market surveillance and new product development.

Gaurang Desai, Interim Chief Executive Officer of DGCX, said: “The MoU will enable us to work together towards our mutual interests, enhance business opportunities, extend global reach and will gradually result in benefits for our customer base. Through this association, both markets will be able to leverage knowledge and expertise to support pioneering ideas and further development in financial derivatives trading. “

Hu Zheng, Chief Executive Officer, CFFEX, said: “As a leading derivatives exchange in the Middle East, DGCX has a great portfolio of products and is highly influential across regional financial markets. The signing of the MoU with DGCX is in line with our strategy of globalization and lays a good foundation for our future cooperation. We sincerely hope that the two exchanges will strengthen cooperation in various areas including information sharing, personnel training and business development. This will greatly benefit both exchanges and help us achieve a win-win outcome and common prosperity.”

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