KRX Signs MoU With Markit Ltd.

On January 19, 2015, Korea Exchange(KRX) and Markit Ltd. signed a Memorandum of Understanding(MoU) to build cooperative relationships and promote global competitiveness of over-the-counter(OTC) derivatives market in Korea 

On behalf of both organizations, Mr. Kiwon Kang, President & CEO of KRX Derivatives Market and Mr. Kevin Gould, President of Markit Ltd. singed the MoU. 

As a global provider of financial information services, Markit Ltd. provides its customers with OTC trade information through its advanced electronic confirmation systems 

Markit currently supports such services globally for all major over-the-counter(OTC) asset classes. Most International banks, who are current KRX clearing members use Markit's trade confirmation services when trading KRW denominated interest rate swaps which are centrally cleared at KRX 

※ Markit Ltd. is a global financial information and services company, founded in 2003 as an independent source of credit derivatives pricing. The company provides independent data, trade processing of derivatives, foreign exchange and loans, customized technology platforms and managed services