Printer Friendly

ZCE and NYBOT sign MOU.

The Zhengzhou Commodity Exchange (ZCE), the first futures exchange in The People's Republic of China, and the New York Board of Trade (NYBOT), a leading "soft" commodities exchange, announced the signing of a Memorandum of Understanding (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 (CSRC).

The New York Board of Trade (NYBOT) is New York's original futures exchange, where the world trades food, fiber and financial products.
COPYRIGHT 2005 Lockwood Trade Journal Co., Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Zhengzhou Commodity Exchange., New York Board of Trade., Memorandum of Understanding.
Publication:Tea & Coffee Trade Journal
Article Type:Brief Article
Geographic Code:1USA
Date:Jul 20, 2005
Words:210
Previous Article:Nuova Simonelli opens new enlarged facility.
Next Article:RJO now using NYBOT's OBMS to fill coffee orders.
Topics:


Related Articles
Coffee, Sugar & Cocoa Exchange.
NYBOT establishes european delivery points for coffee "C" contract. (Transportation News).
NYBOT plans electronic system for deliveries. (Trade News).
NYMEX and NYBOT sign historic lease agreement. (World News).
Intercontinental exchange to acquire NYBOT.
ICE TO RELOCATE DISASTER RECOVERY/PRIMARY DATA SITES.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters