The Tokyo Commodity Exchange (TOCOM) has today announced the signing of a Memorandum of Understanding (MOU) with Huatai Futures to establish a cooperative relationship between the two entities.
Both parties have agreed to develop mutually beneficial business opportunities along with other areas of collaboration. They also intend to pursue projects that could increase market liquidity, reliability and operating efficiency.
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Huatai Futures is currently applying for a TOCOM remote broker membership for its Hong Kong subsidiary. They will launch a joint marketing project in mainland China at a later date.
Earlier this month, TOCOM also signed an MoU with Thailand Futures Exchange for the purpose of establishing a coordinated relationship between the two exchanges in which the parties agreed to focus on developing business opportunities, leading to the enhancement of the liquidity, efficiency and integrity of the two marketplaces.
Headquartered in Guangzhou, Huatai Futures is a futures brokerage in China. The company operates multiple offices across China and is a clearing member of Shanghai Futures Exchange, Dalian Commodity Exchange, Zhengzhou Commodity Exchange, and China Financial Futures Exchange.