JPMorgan wins South Korea OTC derivatives license
JPMorgan said it has won a license to market and trade over-the-counter derivatives in South Korea.
JPMorgan joins 19 domestic firms and nine other foreign firms with over-the-counter derivatives licenses.
Overseas players include Macquarie, Citigroup, Credit Suisse, Merrill Lynch, Lehman Bros, Nomura Holdings Inc, Deutsche Bank, Goldman Sachs and UBS.
The Capital Markets Integration Act, which is set to take effect in February, has raised hopes for further growth in South Korea's securities market by making it easier for companies to package and sell derivatives and develop in-house funds. (Reuters)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.