| 2016-11-22 05:35:29|
SPGI 05:35 11/22 11/22/16
S&P Global signs MOU with TOCOM
The Tokyo Commodity Exchange, or TOCOM, and S&P Global Platts, announced that they have signed a Memorandum of Understanding, or MOU, to cooperate in developing active markets and benchmark prices for Japanese domestic oil refined products and liquefied natural gas, or LNG, in Asia. Under the terms of the MOU, both parties will share their expertise in relation to LNG and Japanese domestic oil refined product prices, and will work together to accelerate TOCOM's development of derivatives products based on such prices with the aim of enhancing risk management and market transparency for the benefit of all market participants.