S&P Dow Jones Indices Signs MOU with Korea Exchange
NEW YORK, Oct. 15, 2013 /PRNewswire/ -- S&P Dow Jones Indices announced today that it has signed a memorandum of understanding ("MOU") with the Korea Exchange ("KRX") for the collaboration in global marketing and sales of the KRX indices, including the KOSPI200 – the flagship index of the KRX.
The two parties will leverage S&P Dow Jones Indices' renowned experience in global sales and marketing to further license and promote the KRX indices to international investors. The agreement also calls for the two parties to build a joint team for effectively developing additional KRX indices and sharing of knowledge.
"S&P Dow Jones Indices is honored to enter into this agreement with the Korea Exchange, one of the world's leading exchanges, to serve as its licensing agent for the KRX index series including the KOSPI200 – the premier benchmark of equity market performance in South Korea," says Alex Matturri, Chief Executive Officer of S&P Dow Jones Indices. "The Korea Exchange continues to play an emerging role in the global markets and has been at the forefront of a rapidly changing financial market in Korea. Through its efforts, the KRX has paved the way for greater investor access to a dynamic financial marketplace. We are delighted to expand our relationship with the Korea Exchange as our well-recognized marketing and global commercialization capabilities will support the Exchange's ongoing role in shaping the future of investing."
Recognizing the value of local partnerships, S&P Dow Jones Indices pioneered the concept of exchange partnerships in the year 2000, when a partnership with the Australian Stock Exchange was announced. Since then, a number of unique and well recognized relationships have developed – most notably with primary exchanges in Hong Kong, India, Latin America, Moscow, Tokyo, and Toronto in addition to the CME Group and CBOE, the leading derivatives exchanges in the US.
For more information, please visit www.spdji.com.
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average™, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 830,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.
Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC, a part of McGraw Hill Financial. Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.
SOURCE S&P Dow Jones Indices