Thursday April 28 2016
News Source: Global Exchanges
Focus: Other
Type: General
Country: International
On 28th April 2016, BSE (formerly known as Bombay Stock Exchange) entered into Memorandum of Understanding (MoU) with the Korea Exchange (KRX) to extend their cooperation by listing S&P BSE Sensex based derivatives contracts. The agreement will further the development of derivatives markets in India and South Korea. It will encourage the sharing of information, and foster new opportunities for the exchanges and their respective issuers.
The MoU also includes information sharing by both parties to promote each other’s understanding of the products listing process and the markets functioning. BSE & KRX will also support one another for investor relations activities of cross-listed products and assist with cross-border supervision & enforcement.
The two have also agreed to conduct joint research in the area of derivatives markets and to support the development of new products, experience sharing and cooperation on IT system.
Click on the link above for further details.