CME Group and Korea Financial Investment Association Sign Agreement
- The CME Group and Korea Financial Investment Association have signed a LOI to advance financial education of CME products in Korea.
With Asian originated volumes of trading of CME Group products growing 22% YoY, the APAC region has become an increasingly important market for the Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term operator. Aiming to capitalize on the momentum and further open up its products to Asian traders, the CME Group announced that it has signed a Letter of Intent (LOI) with the Korea Financial Investment Association (KOFIA).
A self-regulatory organization (SRO) for the Korean financial industry, the LOI commits the CME and KOFIA to “explore mutual collaboration in the areas of market education and training." The LOI extends the CME’s involvement with the Korean financial industry, where it has an existing partnership with the Korea Exchange (KRX) that provides availability of USD/KRW and KOSPI 200 futures to CME Globex traders.
With the current LOI with KOFIA, CME aims to create resources that will educate Korean traders about CME traded products. On this goal, Terry Duffy, CME Group Executive Chairman and President, stated, "This Letter of Intent we have signed puts us in a strong position to extend our investor education efforts in Korea, with the support of our local partner KOFIA."
Young-Key Hwang, Chairman of KOFIA, added, "KOFIA is committed in its efforts to build trust and promote better communication within the Korean capital markets, and we are confident of achieving these goals through investor education and training, in collaboration with CME Group."
With Asian originated volumes of trading of CME Group products growing 22% YoY, the APAC region has become an increasingly important market for the Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term operator. Aiming to capitalize on the momentum and further open up its products to Asian traders, the CME Group announced that it has signed a Letter of Intent (LOI) with the Korea Financial Investment Association (KOFIA).
A self-regulatory organization (SRO) for the Korean financial industry, the LOI commits the CME and KOFIA to “explore mutual collaboration in the areas of market education and training." The LOI extends the CME’s involvement with the Korean financial industry, where it has an existing partnership with the Korea Exchange (KRX) that provides availability of USD/KRW and KOSPI 200 futures to CME Globex traders.
With the current LOI with KOFIA, CME aims to create resources that will educate Korean traders about CME traded products. On this goal, Terry Duffy, CME Group Executive Chairman and President, stated, "This Letter of Intent we have signed puts us in a strong position to extend our investor education efforts in Korea, with the support of our local partner KOFIA."
Young-Key Hwang, Chairman of KOFIA, added, "KOFIA is committed in its efforts to build trust and promote better communication within the Korean capital markets, and we are confident of achieving these goals through investor education and training, in collaboration with CME Group."