THE New York Board of Trade (Nybot) and the Multi Commodity Exchange of India (MCX) have signed a Memorandum of Understanding to explore areas of co-operation that could benefit both exchanges. While Nybot is recognised as the premier soft commodity exchange in the US, and indeed the world, the MCX is held in the same regard in India. Thus the potential synergies are likely to be in soft commodities, notably in the similar sugar and cotton contracts that are listed on both exchanges... Read More