Jung Eun-bo, chairman of the Korea Exchange, will visit Deutsche Börse Group (DB Group) and Borsa İstanbul (BIST) from the 17th to the 21st of this month to strengthen partnerships in the derivatives market in Europe and the Middle East.
On the 17th, the Korea Exchange announced that Chairman Jung will meet with Thomas Book, executive director of DB Group, one of Europe’s largest exchange groups, and Robbert Booij, chief executive officer (CEO) of the European Exchange (EUREX), on the 18th.
Chairman Jung plans to discuss ways to maintain and strengthen partnerships, including the smooth completion of contracts related to the existing 'KRX-EUREX linked transaction business,' which will be terminated with the opening of the derivatives night market. He will also discuss measures for cooperation between exchanges to ensure stable market operations in response to increased uncertainty in the capital markets, such as the recent global trade war.
On the 20th of this month, he is expected to visit Turkey's BIST to sign a memorandum of understanding (MOU) aimed at strengthening mutual cooperation in the derivatives market.
BIST, which was launched in 2013 by integrating the Istanbul Stock Exchange (IMKB), the Derivatives Exchange (VIOP), and the Gold Exchange (IAB), is Turkey's only comprehensive exchange and operates the most liquid derivatives market in the Middle East. The exchange noted that the potential benefits of discovering new collaborative projects are high, given the similarities in market structure with the Korea Exchange.
An exchange official said, 'We will actively promote overseas marketing activities to attract global investors' participation in the derivatives night market while continuously expanding strategic alliances to enhance the global competitiveness of the Korean capital market.'