The CME Group is exploring a mutual order routing agreement with the Korea Exchange, similar to its existing relationship with BM&F Bovespa, the exchange said on Monday November 16.
The Chicago-based group said both parties had indicated a “commitment” to a bi-directional order routing initiative, though any possible deal would be subject to regulatory approval.
CME also said it would establish a permanent telecommunications hub in Seoul as part of a five year agreement between the two bourses.
A spokesman in Chicago told Futures and Option Intelligence: “This...