Dubai: The Dubai Gold and Commodities Exchange, DGCX, and China Financial Futures Exchange, CFFEX, have signed a Memorandum of Understanding for strengthening cooperation between the derivatives markets of both China and the Middle East.
This is the first MoU that CFFEX has signed with a derivatives exchange in the Middle East, and is designed to facilitate closer cooperation in areas concerning risk management, business strategy, market surveillance and new product development.
The DGCX-CFFEX MoU is the latest in a growing number of agreements between the UAE and China as both countries strengthen bilateral financial cooperation and promote trade and investment. According to a recent report, China is expected to be one of UAE’s fastest growing trade routes over the next two decades, growing at 10 per cent per annum.
