Korea Exchange (KRX)’s MOU with Chicago Board Options Exchange (CBOE) has sparked a wave of speculation among participants on the Korean market. Although the agreement does not commit the two exchanges to any specifics regarding cross-listing, observers believe it is the latest sign of KRX’s desire to leverage its highly liquid Kospi option into greater international and institutional participation.
“KRX has explored various avenues to getting US users active in the Kospi – it’s a goal which...