By signing the MOU, the Exchanges initiated a development of cooperation and business opportunities through information sharing and market building. The two Exchanges have plans to assist one another generally in marketing and educational areas such as joint sessions on new products and services. The TGE and DCE will also share information about changes to existing contract specifications, trading methods and new products.
TGE President Takeshi Kubota said, “This MOU is a part of TGE’s plans to realize an Asian Exchange network. We have had very good relations with the Dalian Commodity Exchange for many years even before we signed the Memorandum of Intent in November 2003. DCE is not only a rapidly growing Exchange but also one of China’s primary markets. We expect DCE to realize its’ the full economic effect on China and the world in the near future. Together we will be able to enhance our markets and to further augment foreign participation.”
Dr. Yuchen Zhu, President & CEO of DCE, said, “Internationalization is an important part of the DCE’s long-term developing strategies. Both the TGE and DCE are primary markets of agricultural futures worldwide. We are pleased to sign this MOU with the TGE after our signing Intent of Letter in Beijing in November 2003, which will definitely strengthen the good relationship between two exchanges built since the DCE’s establishment in 1993. China is a market with huge potential; the government is releasing more and more policies to promote the development of China’s capital and derivatives market. The reform at Japan’s commodity market is also improved recently. Therefore, we are optimistic with the further cooperation between the TGE and DCE, which will benefit both markets”