Deutsche Börse's head of trading and clearing, Andreas Preuss, said: “The Korea Exchange is very similar to ours in terms of its integrated cash equity and derivatives market structure, and we can work together to grow our businesses in different market environments.” Preuss is also chief executive of Eurex.
Deutsche Börse and Eurex already have similar agreements in place with the Shanghai-based China Foreign Exchange Trade System and National Interbank Funding Center, and the Osaka Securities Exchange. The announcement comes on the day NYSE Group and the Tokyo Stock Exchange also enter into a non-exclusive strategic agreement. The New York- and Japan-based businesses have suggested their arrangement may lead to a “potential capital alliance”.
See also: TSE close to deal with NYSE
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