Multi Commodity Exchange of India (MCX) and the Taiwan Futures Exchange (TAIFEX) have signed a Memorandum of Understanding (MoU) with an aim to develop commodity derivatives markets in India and Taiwan by sharing information and best practices pertaining to product development, business and marketing initiatives, technology, and areas of mutual interest. The MoU is another step towards MCX`s endeavors to integrate with the global commodities ecosystem.
MCX offers commodity futures contracts in bullion, base metals, energy, agricultural and other commodities whereas TAIFEX offers equity and commodity derivatives products.
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