Hong Kong’s HKEX Explores Cross-Listing Derivatives with Korea’s KRX
Posted: Mon Jun 20, 2016 12:55 pm
A non-binding letter of intent (LOI) was signed this Tuesday in Asia by Hong Kong Exchanges and Clearing (HKEX) and Korea Exchange (KRX), as they are set to explore the cross-listing of equity derivatives in each other’s markets, as per an official statement.
The deal was inked during a ceremony in Hong Kong today, signed by both HKEX’s Head of Markets, Roger Lee, and KRX CEO Kyungsoo Choi.
The LOI serves as a first step in considering the equity derivatives which so far include stock index futures and options, and single stock futures and options offering in local currency, aimed to make ... (read more)