TOKYO, March 17 The Tokyo Commodity Exchange
(TOCOM) and the Dubai Mercantile Exchange (DME) have signed a
memorandum of understanding for the development of energy
contracts, such as crude oil, the Japanese commodity bourse said
The two exchanges will "explore several areas of cooperation
ranging from joint marketing activities, offering new services
to facilitate trading for participants in both markets," TOCOM
said in a statement.
The collaboration would play an important role in offering
energy products such as liquefied natural gas and electricity
and the launch of energy-related over-the-counter
trading/clearing services, the statement quoted TOCOM President
and CEO Tadashi Ezaki as saying.
(Reporting by Osamu Tsukimori; Editing by Sunil Nair)