Source: Deutsche Börse
The Korea Exchange (KRX) and Deutsche Börse AG signed a memorandum of understanding (MOU) on Tuesday in which the two exchanges agreed to further cooperate and communicate between both markets.
Under the terms of the MOU, the two exchanges agreed to share information, exchange staff and assist in listing promotional activities in both markets. The MOU also established a joint feasibility study group to explore possible cooperation in the derivatives market.
"This MOU with the Korea Exchange is a further step towards expanding Deutsche Börse's activities in Asia", said Andreas Preuss, Member of the Executive Board of Deutsche Börse. "The Korea Exchange is very similar to us in terms of their integrated cash equity and derivatives market structure and we can work together to grow our businesses in different market environments." Ulrich Becker, Managing Director Corporate Development and responsible for Asian development activity at Deutsche Börse said: "Deutsche Börse sees considerable growth and enormous potential in the region."
The foundations for Deutsche Börse's successful market presence in Asia were laid more than 16 years ago with Clearstream, a Deutsche Börse Group company. Today Deutsche Börse is active in all major Asian markets and has established close partnerships with numerous players. Deutsche Börse is expanding its base in the region in order to leverage its existing relationships and to build new business. It aims to extend its global network and further position itself through cooperative ventures as a reliable and innovative partner in the entire securities trading process chain.