Comment Text:
Ryan Madigan Raleigh - As per as I know the Korea Exchange was created while integrating of KOSDAQ Stock Market, Korea Stock Exchange & Korea Futures Exchange under the Korea Stock & Futures Exchange Act. As per the latest statistics, this had about 2,500 companies listed. These companies have a combined market capitalization of $1.2 trillion. While the CFTC has not issued a clearing requirement determination for Korea Exchange, the government of Korea has imposed mandatory clearing for certain transactions – this is not right as per my point of view.
