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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.
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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
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