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.”
