KRX and SET Signed the Contract for Development of Clearing and Settlement System
The Korea Exchange (KRX), jointly with the KOSCOM, has entered into an agreement with the Stock Exchange of Thailand (SET) for the development of integrated clearing and settlement system, involving 2 phases. During the 1st phase of 16 months, the clearing and settlement system for derivative products will be developed and in the 2nd phase of 8 months, the clearing and settlement system for cash products will be developed. This is a series of KRX projects in Southeast Asia. Other KRX projects include the system development for the Bursa Malaysia and Philippines Stock Exchange, Inc.