Korea Exchange Signs MOU with NextTrade... Cooperation with Alternative Exchange

The Korea Exchange announced on the 10th that it has signed a Memorandum of Understanding (MOU) for mutual cooperation with NextTrade.

(From left) Son Byung-du, Chairman of Korea Exchange, and Kim Hak-su, CEO of NextTrade, are taking a commemorative photo after signing a business agreement.
[Photo by Korea Exchange]

Under the multi-market system following the launch of the Alternative Trading System (ATS), both companies plan to cooperate on matters necessary for the stable operation of the capital market. The agreement includes cooperation on market operation systems such as trading halts, information exchange for market surveillance, and clearing operations.

Son Byung-doo, Chairman of the Korea Exchange, stated, "Through close consultations with NextTrade, we will establish a stable market operation system and ensure thorough preparation for market surveillance and clearing operations to protect investors without any gaps."

Kim Hak-su, CEO of NextTrade, said, "We expect that the preparation process for launching the ATS market will proceed rapidly with this MOU, and we will sincerely cooperate with the Korea Exchange."

Going forward, both parties plan to form a working-level consultative body to discuss specific matters.