Techcombank looks to futures in coffee trade

A source from the Vietnam Coffee and Cocoa Association (Vicofa) said that the State Bank of Vietnam has allowed Techcombank to pilot the trading of coffee futures contracts on the world coffee market.
Techcombank will be an intermediary for one-year. Techcombank will open local bank accounts for coffee businesses on world futures markets instead of just the London commodities futures market. After the one year experiment, Vicofa and Techcombank will continue to construct plans to help coffee businesses join the futures markets.

 

Category: Finance