Bourse operator to export IT system to Nepal

January 10, 2012 11:36 pm 

SEOUL, Jan. 10 — South Korea's bourse operator said Tuesday it has signed a preliminary deal with its Nepali counterpart to export a stock market operating system to the Himalayan country.

Under the deal, the Korea Exchange (KRX) will provide the Nepal Stock Exchange with its advanced stock trading system that runs in line with international market standards, the operator said.

The KRX said it may also consider investing in the operating system, which will be included in negotiations when the heads of the two bourse operators meet to sign the final contract later this year.

The Korean bourse operator has made investments in the form of owning stakes when it clinched similar deals with Laos and Cambodia in 2009.

Through the deal, the KRX plans to step up its efforts to expand its presence in Southeast Asian countries, a region with high demand for up-to-date stock market systems, the bourse operator added. (PNA/Yonhap)

DCT/ebp

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