MOU Signed Between DCE and MOEX
In an aim to seek cooperation in broader fields, on March 27, Dalian Commodity Exchange (DCE) and Moscow Exchange (MOEX) signed Memorandum of Understanding (MOU) in Moscow with emphasis on collaborations including information sharing, high-level visits, trainings and staff exchanges, and business cooperation.
Li Zhengqiang, Chairman of DCE, said at the signing ceremony, “We are very glad to set strategic tie with MOEX. MOEX has demonstrated impressive achievements in recent years. With promotion of the ‘One Belt and One Road’ strategy of the Chinese government, China and Russia will see more opportunities for cooperation in financial sector. Signing of this MOU will facilitate both sides to explore more opportunities for business cooperation as well as create new channels for long-term cooperation. This cooperation will be conducive for DCE to promoting its internationalization strategy, as well as strengthening and widening its connections with the emerging derivatives markets.”
Alexander Afanasiev, CEO of MOEX, said, “We are delighted to sign the MOU with DCE, a leading commodity futures exchange around the world. China is an important trading partner for Russia, and we see great potential to continue growing stronger and deeper ties on both commodities and capital markets. DCE and MOEX have kept sound communications with each other. The signing of the MOU will lay a firm foundation for both exchanges to explore and conduct cooperation in an array of fields, promote strategic reassurance, and give full play to the great potentials of two markets through joint efforts, in a bid to realize mutual benefit and prosperity for two exchanges.”
Founded on February 28, 1993, Dalian Commodity Exchange (DCE) is one of the four futures exchanges under the supervision and administration of the China Securities Regulatory Commission (CSRC) upon the approval of the State Council, and also the only futures exchange in Northeast China. Among its 16 listed futures products approved by the CSRC are corn, No. 1 soybeans (non-gmo), No. 2 soybeans (gmo), soybean meal, soybean oil, RBD palm olein, corn, corn starch, egg, linear low density polyethylene (LLDPE), polyvinyl chloride (PVC), polypropylene (PP) , coke, coking coal, iron ore, fiberboard and blockboard. In 2016, DCE achieved trading volume of 1.54 billion contracts with turnover of 61.41 trillion RMB. According to FIA statistics, DCE ranks at 8th among global derivatives exchanges.
Moscow Exchange Group manages Russia's main exchange platform for equities, bonds, derivatives, currencies, money market instruments and commodities. The Group includes Russia's central securities depository (National Settlement Depository) and a clearing centre (Bank “National Clearing Centre”) that performs the functions of central counterparty on all markets, allowing Moscow Exchange to offer its customers the full spectrum of trading and post-trade services.
Moscow Exchange ranks among the world's top 25 exchanges by total volume of equities traded, and among the three largest exchange platforms for bond trading and for derivative trading. As of 1 February 2017 securities of 689 issuers were admitted to trading on Moscow Exchange’s Equities Bonds Market.
Moscow Exchange was formed in December 2011 from the merger of Russia's two main exchange groups – MICEX Group, the oldest domestic exchange and operator of the leading securities, foreign exchange and money market platform in Russia; and RTS Group, the operator of Russia's leading derivatives market. This combination created a vertically integrated public trading market across most major asset classes. Moscow Exchange held an initial public offering in February 2013 and trades under the ticker symbol MOEX.脑血栓有得治吗