KRX joins hands with S&P to exchange know-how

South Korea's bourse operator said Tuesday it has signed a deal with S&P Dow Jones Indices LLC to exchange financial know-how and expand its presence in the global market. The Korea Exchange (KRX) signed a memorandum of understanding with the world's leading financial index provider, which will see the local bourse operators' indexes promoted to the global market by utilizing S&P's global networks. The two also agreed to exchange knowledge concerning financial markets, and exchange workforces to forge a stronger tie. The KRX added it plans to establish a task-force team to renovate its index systems to meet standards of the latest trends and commence joint projects starting next year.