DMCC hosts Tokyo Commodities team

30 January 2006

Dubai: The Dubai Metals and Commodities Centre hosted a trade delegation from the Tokyo Commodities Exchange (TOCOM) on Sunday.

The 19-member Japanese delegation was headed by Nangaku Masaaki, the Chairman of the TOCOM Board and included senior officials from several member organisations of the Tokyo Commodities Exchange.

David Rutledge, Chief Executive Officer and Ahmad Bin Sulayem, Chief Operating Officer of DMCC, presented the Japanese delegation with an over-view of the centre, its objectives and the industry specific facilities offered by the DMCC. The delegation also met with Colin Griffith, the newly appointed Chairman of DGCX and Framroze Pochara, Chief Executive Officer.

"The DMCC's strategic location at the crossroads of East and West has ideally positioned it to be the gateway to the vast emerging commodities markets in the MENA region and the sub-continent and this visit from the Tokyo Commodities Exchange is a significant indication of the international interest Dubai is generating across the world as a trading centre for commodities," said Rutledge.

The delegation included senior representatives from several TOCOM member companies including Okafuji, Asahi Universal Trade, Ace Trading, Okachi, Okayasu, Kobayashi Yoko, Sanki Trading, Shin Nihon Shohin, Tokyo Comwell, Japan Unicom, Harvest Futures, Mitsui Futures, Mitsubishi Futures and Yutaka Trading.

It was also accompanied by Onosato Mitsuhiro, Member of the Board; Seki Ryochi, International Department, and Hasegawa Shoji from TOCOM Promotion.

The delegation from the Tokyo Commodities Exchange during their visit to the DMCC.