ZCE and NYBOT sign MOU.The Zhengzhou Commodity Exchange Zhengzhou Commodity Exchange (Chinese: 郑州商品交易所; ZCE), established in 1990, is a futures exchange in Zhengzhou, one of the three futures exchanges in China. External links
See New York Board of Trade (NYBOT). ), a leading "soft" commodities exchange, announced the signing of a Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. (MOU), signaling a new era of cooperation and understanding between the two exchanges. "The signing of this joint MOU today is very important to both exchanges because it is the start of a relationship between our two global marketplaces," said Zhang Xueren, chairman of the board of the Zhengzhou Commodity Exchange. "This agreement shows the world that our two exchanges share a deep interest to learn more about each other's business and find ways to work together and make both our businesses operate more efficiently." The MOU agreement allows both exchanges to explore new business opportunities and to capitalize on efficiencies both can earn by working together. Areas of interest include information sharing, market building, joint educational seminars and symposiums, and new product and service offerings. Established in 1990, the Zhengzhou Commodity Exchange (ZCE) is the first futures marketplace in China. The exchange is regulated by the China Securities Regulatory Commission The China Securities Regulatory Commission (CSRC) (Simplified Chinese: 中国证券监督管理委员会; Pinyin: (CSRC CSRC Computer Security Resource Center (NIST) CSRC China Securities Regulatory Commission CSRC Contributing Source (telephony, real-time control protocol) CSRC Computer Security Resource Clearinghouse ). The New York Board of Trade (NYBOT) is New York's original futures exchange, where the world trades food, fiber and financial products. |
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