Bourses eye cooperation
Print Edition
Singapore Exchange has inked a memorandum of understanding with the Shanghai Futures Exchange to develop the derivatives markets in China and Singapore, SGX said yesterday.
According to the SGX’s statement, the two exchanges will cooperate to develop derivatives for energy, metal, chemical and commodity indexes. The MoU also covers exchange of ideas and information sharing.
Liu Nengyuan, president and CEO of Shanghai Futures Exchange, said the cooperation will “increase market efficiency, and promote the development of the derivatives markets and the economies of both China and Singapore.”
Magnus Bocker, CEO of SGX, said the Shanghai exchange can leverage SGX’s connectivity and infrastructure to reach out to international participants.
“This partnership marks the start of an exciting journey.”
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