Sign agreement Hong Kong HKEX and Korea Exchange KRK.
By Eric on Wednesday,
Hong Kong Exchanges and Clearing Limited (HKEX) and Korea Exchange (KRX) declared the signing of a non-binding letter of intent (LOI), to look at the cross-listing of derivatives of shares in each other’s market. Sign agreement Hong Kong HKEX and Korea Exchange KRK, the deal was signed throughout a ceremony in Hong Kong these days, signed by the head of the HKEx markets, Roger Lee, CEO and KRX Kyungsoo Choi.
Roger Lee, the head of HKEx on the markets, and Kyungsoo Choi, CEO of KRX LOI signed throughout a ceremony in Hong Kong, organized by HKEX . Attended by different senior KRX and HKEX ceremony and witnessed the signing.
Chief executive HKEX Charles Lee said: “The derivatives of justice are a crucial HKEX strength, and that we look forward to exploring nearer cooperation with KRX, one among the leading listed firms Asia Cross-listing of our derivative actions can produce new trading and risk management capabilities investors. Hong Kong and Korea. ”
If the cross-listing of tools is achieved, KRX products be listed in Hong Kong dollars on the HKEX Hong Kong and HKEx can sell products in Korean Won on the KRX in Korea.
“The cross-listing between KRX and HKEX can open significant opportunities further as the trading hours is largely overlapping. Investors are ready to trade cross-listed products within the same method that they transact local products,” same Kyungsoo Choi, Chief executive officer KRX.