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| ▲ The Korea Exchange in western Seoul (Yonhap) |
KRX-overseas partnerships
KRX eyes overseas partnerships to expand Korean derivative product trading
SEOUL, March 9 (Yonhap) -- The Korea Exchange (KRX), South Korea's main bourse operator, plans to forge deals with exchange operators in Europe and the United States to expand trading hours of local derivative products, exchange officials said Monday.
The KRX plans to sign separate agreements with Eurex and ICE Futures U.S. Inc. at an annual derivatives conference in the city of Boca Raton in the U.S. state of Florida this week. KRX Chairman Jeong Eun-bo plans to attend the gathering.
Eurex is a major derivatives exchange based in Germany, and ICE Futures U.S. is a New York-based futures and options exchange.
The deals are expected to allow offshore investors to trade Korea-related derivatives products around the clock at exchanges in Europe and the U.S., the KRX said.
Jeong also plans to meet with senior executives of Morgan Stanley Capital International Inc. (MSCI) and ask for their support for South Korea's bid to win an upgrade to developed-market status on the MSCI index.
He will later fly to London to attend a road show hosted by the KRX aimed at promoting the South Korean stock market and introducing ongoing capital market reform measures.
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