In the prevailing age of competitive environment, forging alliances amongst domestic and international companies becomes mandatory in order to transcend boundaries for sharing of information for better utilization of business opportunities.

In this regards, Mercantile Exchange Nepal Limited (MEX) and the Mercantile Exchange of Belize Limited (MERC Belize) have signed a Memorandum of Understanding (MOU) with an aim for international information sharing and strategic partnerships (data, skill & technology) to develop commodity derivatives markets in Nepal and Belize by sharing information and best practices pertaining to product development, business and marketing initiatives, technology, and areas of mutual interest. The MOU is another step towards MEX endeavors to integrate with the global commodities ecosystem.

Stationed at Belize, the Mercantile Exchange of Belize is an off-shore exchange, licensed by the International Financial Services Commission of Belize, authorized to trade in a wide range of commodity and financial derivatives.

By virtue of this MOU, market participants would also be imparted knowledge about derivatives market through series of staff training and commodity awareness programmes, which will engender confidence in them to hedge their price exposures.

MEX Nepal endeavors to strengthen relationships among different spectrum of the markets to provide quality services to its stakeholders in the evolving dynamics of the financial markets.