Kobe eyes closer ties with Asian exchanges<\/p>\n
SINGAPORE (Reuter): The Kobe Rubber Exchange (KRE) plans to
\nstart some linkages with Singapore and Malaysia rubber exchanges
\nand help Thailand launch its rubber futures market, the head of
\nthe KRE said yesterday.<\/p>\n
Dick Kitamura said the KRE, Japan's oldest rubber market, was
\nalso willing to offer its expertise to Indonesia if the country
\ndecides to set up a similar exchange.<\/p>\n
\"If rubber exchanges in Japan, Malaysia, China, Singapore and
\nThailand get together and consider linking their operations to
\nhelp arbitrageurs and other users, we can create new business,\"
\nhe told Reuters in an interview.<\/p>\n
Kitamura, leading a 14-member KRE delegation, is in Singapore
\nfor the second leg of a four-nation tour to promote the exchange.
\nThe team has visited Thailand and is due to visit Malaysia and
\nIndonesia next week.<\/p>\n
\"We agreed to establish closer ties in the future,\" Kitamura
\nsaid. He declined to give details, saying that discussions were
\nstill at a preliminary stage.<\/p>\n
Talks in Kuala Lumpur next week are also expected to center on
\nsimilar joint cooperation between the KRE and the Malaysian
\nRubber Exchange and Licensing Board, he said.<\/p>\n
At a meeting in Hatyai, Thailand earlier this week, KRE
\nofficials backed Thailand's plan to launch its rubber futures
\nexchange.<\/p>\n
Kitamura said yesterday that the KRE would help train Thai
\npersonnel and provide other related expertise in futures trading.<\/p>\n
He also said that current talks between the KRE and the Osaka
\nTextile Exchange on a possible merger would cover areas such as
\nthe introduction of new contracts.<\/p>",
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"sponsor": "Okusi Associates",
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