The Korea Exchange (KRX) successfully entered into a contract with the Securities and Exchange Commission (SEC) of Thailand to export a cutting-edge market surveillance system, thus signaling the start of global strategies.
* The SEC of Thailand is in charge of developing the capital market policy and conducting supervision all over the securities industry, etc.
This represents the third successful export of the KRX's market surveillance system and the first-ever business of exporting a surveillance system that links the cash and derivatives markets together.
* The KRX exported the cash market surveillance systems to the Capital Market Integrity Corporation and the SEC of the Philippines in 2011-2012.
The good reviews received from overseas customers including the Philippines were found to have had a positive influence on the course of contract negotiations, indicating that the level of confidence and satisfaction that overseas customers have in the KRX's systems is considerably high.
Particularly, the winning of this contract is all the more significant since it is a token of high recognition that the KRX's IT system has finally earned after competing with other reputable foreign IT companies.
Mr. Kyungsoo Choi, Chairman & CEO of the KRX, mentioned, “A series of successes that we have witnessed recently in exporting IT systems are the evidence of the KRX IT system’s excellence based on Exture+, and we expect to win more contracts systems in the future”.
On the back of successful conclusion of the contract with the SEC of Thailand, the KRX would be able to further strengthen its foothold in the area of IT business in Southeast Asia including Malaysia, the Philippines and Thailand.
Following the successful bidding in December 2014 in the IT infrastructure development project initiated by the Securities Commission of Azerbaijan in Eastern Europe, the KRX will keep making efforts to expand its IT business horizon to diverse markets including the Middle East and North Africa.