Nymex and Shanghai Futures Exchange look to work together

The exchanges are considering sharing information regarding physical delivery futures contracts, clearing procedures, and risk management as well as developing future lines of business together. Furthermore, the exchanges are also exploring the feasibility of each exchange licensing the other's products.

"Before the listing of fuel oil futures on SHFE, the signing of this memorandum with Nymex will help promote the development of futures trading on large-size commodities, such as energy, in

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