Dalian Commodity Exchange (DCE) and Borsa Istanbul A.S. signed a memorandum of understanding (MoU) on October 23 in Istanbul, Turkey, with an aim to seek to cooperate in information sharing, product promotion and staff exchange.
DCE Chairman Li Zhengqiang said that DCE had been attaching high importance to globalization and opening-up. The “One Belt and One Road” strategy of the Chinese Government provides a new opportunity for cooperation among all the relevant exchanges. As Borsa Istanbul boasts a high globalization level, through this cooperation, we expected to create better chances for communication and cooperation, further cement and extend the connection of DCE with the emerging derivatives market, propel the internationalization strategy of DCE and facilitate the implementation of the “One Belt and One Road” strategy.
“We are extremely pleased to sign the MOU with DCE which is one of the world’s most prominent commodity futures exchanges. In addition to contributing to our opening-up towards overseas markets, this cooperation will help us to further understand China’s derivatives market which is growing rapidly in recent years. And we hope, through this opportunity, to achieve a win-win situation for the prosperous development of both sides. Our derivatives market is a fast growing market with growing trading volumes and expanding product product range. Today’s signing represents another important milestone in its progress.” said Tuncay Dinc, CEO of Borsa Istanbul.