This award is issued every year by financial magazine Asia Risk since 2000 to financial institutions or professionals in the Asia-Pacific region, in 10 to 14 categories including risk management and development of derivative products.
Key selection criteria for this award include customer satisfaction, differentiated services distinguishing an institution from others, product innovations, market development and customer education.
2. Strengths that Favored the KRX as this Year’s Winner
The KRX’s efforts to enhance the ease of trading on its markets, such as lower trading fees and improvements and modifications brought to trading systems and rules since its recent launch, were highly appreciated.
The consolidation of exchanges, adoption of corporate structure, lowered fees and improved market liquidity were key factors in favor of the KRX. The panel also took into consideration upcoming measures planned by the KRX to make trading on its markets easier and more convenient for investors.
- Consolidation of the KSE’s equity-linked futures and option market and the KOFEX’s government bond division and other futures market segments; and adoption of corporate structure.
- Trading fees lowered by 10 – 20%.
- Improvements brought to trading systems and rules for greater convenience of investors: Methods of exercising stock options revised (from commodity to cash); the number of underlying equity products for stock options extended (7 to 30); hedging trades by members and qualifying institutional investors; and smaller deposit required for arbitrage trades.