Abu Dhabi Securities Exchange discusses cooperation with Korean Counterpart
- United Arab Emirates: Saturday, March 16 - 2013 at 13:33
- PRESS RELEASE
Abu Dhabi Securities Exchange (ADX) received last week a delegation from Korea Stock Exchange (KRX). The two parties signed a Memorandum of Understanding in January of the year 2013 and the visit comes to further develop the ongoing cooperation between the exchanges under the terms of the MoU.
During the two day meetings, ADX and KRX discussed a joint project to develop Exchange Traded Funds (ETF) in the Abu Dhabi stock exchange, and both parties also proposed expanded cooperation on matters relating to Central Counterparty Clearing (CCP), dual listing companies in both exchanges as well as jointly developing and supporting other capital markets.
ADX and KRX discussed the various possibilities of reinforcing means of economic and investment cooperation between the two stock markets. ADX shared with KRX the successful introduction of its ETF in the exchange, the first in the region, which was awarded the Best Exchange Traded Fund of the Year Award at MENA Fund Manager Awards in 2013.
ADX CEO stated that:" "Strengthening our relationships with other stock markets is a key priority for our market and such visits provide an opportunity for us to exchange information on our mutual experience."
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