Shanghai and Tokyo exchanges team up

News briefs

Tokyo International Financial Futures Exchange (TIFFE) and the Shanghai Futures Exchange (SHFE) have signed a memorandum of understanding (MoU).The agreement means the two exchanges will share information on products, marketing and market structure. There will also be "occasional" meetings at both executive and staff levels, TIFFE said in a statement.

"We believe that the financial futures market will become more important in the fast-growing Chinese financial market, and that the SHFE will play

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