NYSE signs MOU with Korea Exchange to enhance global market access

The New York Stock Exchange and the Korea Exchange just formalized a partnership that could reshape how global investors access South Korean capital markets. The two signed a memorandum of understanding on September 3 in New York, covering everything from faster settlement cycles to longer trading windows. What the deal actually covers The MOU lays out collaboration across several operational areas. The headline item is settlement cycle modernization, with both exchanges expressing interest in moving toward T+1 settlement. That means trades would settle within one business day rather than the current longer windows. The US already moved to T+1 settlement, and Korea’s interest in following suit signals alignment with global best practices. Extended trading hours are another major pillar. The agreement also targets ETF development and market data sharing. Cross-listed or jointly developed ETF products could give investors on both sides of the Pacific more efficient exposure to each other’s markets. Index products built on shared data infrastructure could follow. To actually execute on any of this, the two exchanges plan to establish a NYSE-KRX Joint Collaboration Council. No specific...