Frankfurt-based Deutsche Börse Group, which owns 50% of Eurex, has signed a memorandum of understanding with the Korea Exchange.The two exchanges are setting up a study group to investigate further co-operation in the derivatives markets. They have also agreed to share information and staff, and assist each other in promotional activities.
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
More on Exchanges
China exchange developing technique to reduce margin requirements
Significant global players not on list to join Shanghai Clearing House
Taiex futures set to be followed by other products
New equity options on two exchanges
Sign up for Risk.net email alerts
Nominated for two technology awards
Nominated for post trade technology award
Sponsored webinar: Collateral and counterparty tracking
Isda directors warn on fragmentation, access and liquidity - but expect problems to pass
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.