Korea Exchange Obtains Market Operator License in Singapore

Korea Exchange Obtains Market Operator License in Singapore: COMPANY / Reporter Paul Lee / 2023-01-27 08:44:27

This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology

(사진= 연합뉴스)

[Alpha Biz=(Chicago) Reporter Paul Lee] The Korea Exchange said on the 26th that it has been approved by the Monetary Authority of Singapore(MAS) as a market operator (RMO).

MAS authorizes exchanges by dividing them into regular exchanges and market operators according to the impact of the Singapore market. In order to operate for local investors in Singapore or use the name "exchange," it must be approved by a market operator.

Since the establishment of the Singapore branch in June 2017, the exchange has been preparing to acquire RMO to strengthen local marketing activities. Then, after receiving the application in February last year, the company acquired RMO in about a year after evaluating the suitability of MAS.