KRX agrees with Philippine bourse to develop trading systems

SEOUL, Feb. 8 (Yonhap) -- The Korea Exchange (KRX) has inked a preliminary
agreement with the Philippine Stock Exchange to help the Southeast Asian
country's bourse develop its trading systems, the local bourse operator said
Monday.

Under the deal, the two exchanges will build a long-term partnership and seek
joint projects, according to the KRX.
In the meeting with Francis Lim, the CEO of the Philippine bourse, held on Friday
in Seoul, the KRX pitched for its electronic systems used for KRX trading, it
said.
Established in 1927, the Philippine Stock Exchange trades stocks of 248
companies, with US$86.3 billion in total market capitalization, according to the
KRX.
The Philippine exchange is pushing to advance its stock bourse including
expanding its trading hours by two hours and setting up markets for futures
trading, it said. Currently, trading hours in the exchange span from 9:30 a.m. to
12:10 p.m.
pbr@yna.co.kr
(END)

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