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NYSE and Korea Exchange agree to collaborate on market modernization

NYSE and Korea Exchange (KRX) agreed to collaborate on settlement-cycle modernization, extended trading hours, exchange-traded funds, and market data and index products.

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WASHINGTON (dpa-AFX) - The New York Stock Exchange (NYSE) and Korea Exchange (KRX) have agreed to collaborate on settlement-cycle modernization, extended trading hours, exchange-traded funds, and market data and index products.The memorandum of understanding aims to leverage the expertise of both e…