The Korea Exchange and Deutsche Brse AG signed a memorandum of understanding in which the two exchanges agreed to further share information, exchange staff and assist in listing promotional activities in both markets.
The memorandum also stated a study group would be started to explore possible cooperation in the derivatives market.
“This MOU with the Korea Exchange is a further step towards expanding Deutsche Brse’s activities in Asia,” says Andreas Preuss, a member of the executive board of Deutsche Brse. “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.”
Deutsche Brse entered the Asian market 16 years ago with Clearstream, an arm of the Deutsche Brse Group.