Moscow Exchange and Korea Exchange to cooperate

Moscow Exchange and KRX Korea Exchange have agreed to cooperate on financial market development.  A cooperation agreement was signed on 27 March by Moscow Exchange CEO Alexander Afanasiev and Korea Exchange Chairman and CEO Kyoungsoo Choi at the 2014 Exchange Forum in Moscow.

The agreement covers cooperation on information technology, improving financial market infrastructure, developing joint exchange products, and organising events.  Cooperation in the field of derivatives trading may be the debut joint project.   

Background information:

Korea Exchange (KRX) is the world"s largest exchange by derivatives trading volume, and is among the 20 largest by capitalisation of securities traded. It hosts trading in equities, bonds, futures, and precious metals. The exchange was formed as the result of a merger between the Korea Stock Exchange, Korea Futures Exchange, and Korea Securities Dealers Automated Quotations (KOSDAQ).

Moscow Exchange Group manages Russia"s sole multifunctional exchange platform for trading equities, bonds, derivatives, FX, money market instruments, and commodities. The group includes Russia's central securities depository (National Settlement Depository), as well as a clearing centre (National Clearing Centre), which acts as the central counterparty, allowing Moscow Exchange to offer a full spectrum of trading and post trading services. Moscow Exchange numbers among the world's top 15 exchanges by total capitalisation of traded securities.

For further information, please contact the Public Relations Department at (495) 363-3232.