Wednesday June 22 2016
News Source: Global Exchanges
Focus: Other
Type: General
Country: International
Link: https://www.hkex.com.hk/eng/newsconsul/hkexnews/2016/160621news.htm
Hong Kong Exchanges and Clearing Limited (HKEX) and Korea Exchange (KRX) have signed a non-binding letter of intent (LOI) to explore the cross-listing of their equity derivatives in each other`s market. The equity derivatives under consideration include, but are not limited to, stock index futures and options and single stock futures and options offered in local currency.
It is expected that the cross-listing between KRX and HKEX will open up significant opportunities, as the trading hours largely overlap. Investors will be able to trade the cross-listed products in the same way that they transact local products.
Click on the link above for further details