Deutsche Börse last week signed a memorandum of understanding, or MOU, with the Korea Exchange. The two firms 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,” says 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 adds that the German exchange “sees considerable growth and enormous potential in the region.”
Deutsche Börse subsidiary Clearstream has operated successfully from Hong Kong for over 16 years.