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Korea Exchange keen on ties with Indian bourses

Our Bureau

Bangalore , July 28

KOREA Exchange, formed by the consolidation of the stock exchange, futures exchange and the KOSDAQ, is keen on co-trading MoUs with the Indian exchanges, said Dr Yeong Ho Woo, President Futures Market division, Korea Exchange.

"This would enable investors in each country to order and trade on Korean and Indian stocks and derivatives, adding that Korea Exchange had co-trading agreements with the Nasdaq and with other American exchanges.

"Korea Exchange would also be interested in getting Indian companies to list in Korea," Dr Woo said, adding that the Asian markets would see significant financial activity in the future.

He was speaking at the second Asia-Pacific Association of Derivatives conference here, on Thursday.

Prof L. Vaidyanathan, chairperson, Programme Committee said that Asia would see a significant part of the $30 trillion in pension funds entering its markets and there was a need to develop and regulate the stock and derivates market in these regions.

The SEBI chairman, Mr Damodaran, said that there was a need for sophisticated products in the capital and market and for risk management in the markets - which need to be vibrant and well regulated.

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