Financial Technologiesarm MCX signs MoU with ZCE

Mumbai, Sept 18 (UNI) MCX (Multi Commodity Exchange of India), the subsidiary of Financial Technologies India Ltd, signed a memorandum of understanding with the Zhengzhou Commodity Exchange (ZCE) today to explore areas of co-operation that will mutually benefit the exchanges.

Announcing this, Financial Technologies said MCX India offers commodity futures contracts in agriculture, metals and energy commodities whereas ZCE China offers commodity futures contracts in wheat, cotton and white sugar.

Moreover, the exchanges will work together to develop areas of cooperation and business opportunities with the goal of assisting and benefiting the underlying producers, end-users, and investors in their commonly traded products by maximizing the application of international best practices for price risk management and exchange operations.

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