HKEX and TOCOM sign MoU on commodities trading

June 12, 2018

HONG KONG - Hong Kong Exchanges and Clearing Limited (HKEX) and Tokyo Commodity Exchange (TOCOM) have signed an MoU to further promote their co-operation through information and staff exchanges, product development and joint promotion.

HKEX Chief Executive Charles Li said the signing marked the start of a partnership with great potential. 
“HKEX is dedicated to offering a wide range of asset classes and helping to increase China’s influence on global commodity pricing, while TOCOM has many years of experience in the commodity industry,” he said. 
“Through the enhancement of communication and cooperation, both sides will benefit from the further development in their commodity business.”
Takamichi Hamada, President and Chief Executive Officer of TOCOM, said TOCOM has a proven track record of providing global benchmarks and risk management tools for the precious metals industry. 
“HKEX holds a unique position in the derivatives space, providing a bridge between Mainland China and rest of the world,” he said.  “Through this agreement, we will work together to develop the precious metals market in both countries.”  www.hkex.com.hk (ATI).