Stock Report

Multi Commodity Exchange and Jakarta Futures Exchange ink an MoU for knowledge sharing and regional development

Posted On : 2024-02-27 10:03:24( TIMEZONE : IST )

Multi Commodity Exchange of India Ltd. (MCX), India's largest Exchange in the Commodity Derivatives Market segment, and the Jakarta Futures Exchange (JFX) (i.e. PT. Bursa Berjangka Jakarta), the largest exchange in Commodity and Derivatives market in Indonesia, have entered into a Memorandum of Understanding (MoU) to enhance collaboration in key areas, including knowledge sharing, research, education, training, awareness creation, and other market development initiatives.

The MoU was formalised on February 26, 2024, at the MCX headquarters in Mumbai. Mr. P. S. Reddy, MD & CEO, MCX and Mr. Stephanus Paulus Lumintang, President Director, JFX signed the agreement in the presence of senior colleagues from both the organizations.

Speaking on the occasion, Mr. P. S. Reddy, MD & CEO, MCX said, "I believe this partnership will contribute to the advancement of both marketplaces through sharing of knowledge, best practices, education, and facilitate market development in their respective regions. We look forward to fostering a lasting and mutually rewarding relationship with JFX".

Mr. Stephanus Paulus Lumintang, President Director of JFX said, "We are elated on the signing of this MOU, as it opens up exciting new avenues of growth for both MCX and JFX. We believe it is a significant milestone in fostering cooperation and collaboration between both exchanges, ultimately opening up new opportunities for traders of both countries in the derivatives market. We are optimistically looking forward towards leveraging our respective strength, resources and expertise to create opportunities and achieve shared objectives."

Shares of Multi Commodity Exchange of India Limited was last trading in BSE at Rs. 3661.15 as compared to the previous close of Rs. 3677.15. The total number of shares traded during the day was 16717 in over 1993 trades.

The stock hit an intraday high of Rs. 3705.60 and intraday low of 3625.00. The net turnover during the day was Rs. 61405852.00.