Fastmarkets, one of the world’s largest cross-commodity price-reporting agencies, is pleased to announce a strategic partnership, through a Memorandum of Understanding (MOU) signed with the Gulf Mercantile Exchange (GME). The aim of this partnership is to improve risk management tools for the rapidly growing regional commodities market. Focusing on key commodities, the partnership will enhance commodity risk management, improve market transparency, and contribute to educational initiatives.
PC: Zawya
New Derivatives and Hedging Instruments End
The strategic alliance will discuss the potential for cooperation in creating new commodity derivatives, indices, and hedging products that would be specifically utilised to respond to regional markets. The organisations will also target cooperation on industry education and dialogue through the organisation of networking events, seminars, and workshops on commodity trading, risk management, and pricing strategies.
Support Growth and Economic Diversification at the Regional Level
Fastmarkets is perfectly set up to offer the tools and insights required to ride the growth wave-and now, as the region explodes with increased infrastructure investment and economic diversification. By getting into this partnership, Fastmarkets looks to support the growth of the nascent commodities market in the region, creating additional value for long-term customers and even newer stakeholders.
Ahmad Sharaf, chairman of GME, said the collaboration was a welcome affair. “We are enthusiastic to team up with Fastmarkets for the promotion of innovative solutions in the regional commodities market,” he said.
Commitment to Innovation and Regional Support
Fastmarkets has earned a good name through its continued leadership in competition as it provides all-inclusive solutions meant to meet the diverse needs of different industries. Fastmarkets is committed to resilient markets for commodities at specific regional support. It is seen to be actively engaging in developing such capable markets that are capable of meeting the demands of specific regions and also open up new avenues for economic development and trade.
“This cooperation would be a strong step in supporting the growth and development of the regional commodities market, so we look forward to working together toward our shared goals and delivering value to stakeholders,” said Raju Daswani, CEO of Fastmarkets.
This partnership will help Fastmarkets and GME merge efforts to profoundly enhance the status of the region in the global marketplace of commodities trading. In doing so, they’ll be able to join forces in offering innovative solutions for sustained growth and development, catapulting the region into a dynamic future of continued success and growth in the international marketplace. This cooperation will be step one in determining the future of commodities trading and will enable collaborating firms to assist both organisations with succeeding in the larger industry.
