Seoul, October 28, 2014—China Financial Futures Exchange(CFFEX) and Korea Exchange(KRX) today announced the signing of a Memorandum of Understanding(MoU). The purpose of this MoU is to strengthen bilateral partnership and facilitate development of both parties through information sharing, mutual visit of executives, staff exchange and closer business cooperation in various areas.
Lu Dongsheng, Executive Vice President of CFFEX, said,“CFFEX is actively promoting its international strategy. Developing partnerships with overseas exchanges stands high on our agenda. The signing of MoU with KRX is an important step forward. I hope both exchanges take this opportunity to step up cooperation and seek common development.”
“This is a significant achievement and we are pleased to witness the initiation of our partnership.It will serve as a cornerstone for cooperation thus enhancing competitive edge for both exchanges,” said Ki Won Kang, President and COO of derivatives market division at the KRX.“Going forward, we look forward to exploring many areas for close collaboration.”