The Korea Exchange (KRX), jointly with the KOSCOM, has entered into an agreement with the Stock Exchange of Thailand (SET) for the development of integrated clearing and settlement system, involving 2 phases.
During the 1st phase of 16 months, the clearing and settlement system for derivative products will be developed and in the 2nd phase of 8 months, the clearing and settlement system for cash products will be developed. This is a series of KRX projects in Southeast Asia. Other KRX projects include the system development for the Bursa Malaysia and Philippines Stock Exchange, Inc.
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