Multi Commodity Exchange of India Ltd (MCX) and European Energy Exchange AG (EEX) have entered into an MoU, with respect to electricity derivates.
The objective of the MoU is knowledge sharing and exchanging of expertise on electricity derivative products. In a stock exchange filing, MCX said that this MoU will facilitate cooperation between the two exchanges in areas such as knowledge sharing, education & training and organizing events in the domain of electricity derivatives.
EEX is a leading energy exchange in Europe, which develops, operates and connects secure, liquid and transparent markets for power and other energy products.
According to P.S. Reddy, Managing Director & CEO of MCX, said: “We are delighted to sign an MoU with European Energy Exchange AG (EEX). This is a mutually beneficial MoU between MCX and EEX that will enable us to understand each other’s market better. I am confident that this alliance between the two institutions provides for a continuous exchange of knowledge, expertise and best practices. Moreover, such cooperation is important for an overall growth and development of the commodity markets, given the evolving and dynamic nature of global markets.
