The Shanghai Futures Exchange (SHFE) and the Abu Dhabi Global Market have announced the signing of a cooperation agreement. The Chinese exchange is considered the largest regional producer of steel and copper, while the Abu Dhabi exchange is the largest stock operator in the oil products sector. Both exchanges aim to combine their efforts to ensure effective trading mechanisms and establish long-term partnerships. Ahmed bin Saleem Al-Mazrouei, the General Director of the Abu Dhabi Global Market, emphasized in his statement: "We are convinced that this cooperation will lead to the creation of a powerful and influential platform for trading commodities on the global market." And all this is aimed at ensuring price stability and providing security for market participants during periods of volatility.
