Compelo Banking is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More
Close
Dismiss

TOCOM, SMX Sign MOU To Advance Derivatives Trading Landscape

Tokyo Commodity Exchange (TOCOM) and pan-Asian multi-product global commodity derivatives platform, Singapore Mercantile Exchange (SMX), have signed a memorandum of understanding (MoU) to explore co-operation and partnership mutually beneficial for both exchanges and market reach expansion.

Under the terms of the MoU, both parties will work together with a view to explore mechanisms to enhance market liquidity and system efficiencies within each exchange, including the joint development of new business opportunities.

Tadashi Ezaki, president and CEO of TOCOM, said: “We wish to work together to improve the trading convenience of both markets by providing risk management tools that meet the needs of investors and traders in the region, which I believe shall contribute to our efforts to firmly position ourselves as a primary derivatives exchange in Asia.”

Thomas McMahon, CEO of SMX, said: “Our MoU with TOCOM falls in line with our long term strategy to be the one-stop comprehensive product-range hub exchange which ties in all physical and derivative commodity players during pan-Asian trading hours.

“SMX and to a good extent Singapore, stands poised to be the central point of contact between all the world’s commodity derivative trading players and the individual pan-Asian markets where fundamentals dictate realistic price discoveries.”