Eurex and Korea reinforce partnership with synthetics
20 April 2016 Seoul
Image: Shutterstock
Eurex and Korea Exchange have agreed to extend their cooperation by creating a night-time market for both futures and options based on the KOSPI 200 index.
The agreement will see the listing of Mini KOSPI 200 index futures during Eurex trading hours.
In addition, Euro STOXX 50 futures will be traded and cleared in Korean won on the Korean Exchange during local trading hours.
Mini KOSPI 200 futures, which are based on the KOSPI 200 index, will complement the Eurex/Korean Exchange link for KOSPI 200 options.
Eurex users will be able to trade the Korea-related futures and options on the same platform.
With Eurex鈥檚 Euro STOXX 50 futures on Korean won, the exchange will list a derivative product based on a global benchmark index for the first time in its history.
The product specification will be designed to be as close as possible to Euro STOXX 50 futures.
Jeffrey Tessler, member of Deutsche B枚rse鈥檚 executive board, said: 鈥淭his strategic cooperation between Korean Exchange and Eurex is very beneficial for both parties鈥� customers. With the introduction of Mini KOSPI 200 futures, investors will be able to trade and hedge the Korean market with an additional Korean product 24 hours a day.鈥�
Kyungsoo Choi, chair and CEO of Korea Exchange, said: 鈥淭he exchange will list Euro STOXX 50 futures as its first derivative product based on a foreign equity index. By listing the contract, the exchange will establish the foundation to be the Asian derivatives hub.鈥�
The agreement will see the listing of Mini KOSPI 200 index futures during Eurex trading hours.
In addition, Euro STOXX 50 futures will be traded and cleared in Korean won on the Korean Exchange during local trading hours.
Mini KOSPI 200 futures, which are based on the KOSPI 200 index, will complement the Eurex/Korean Exchange link for KOSPI 200 options.
Eurex users will be able to trade the Korea-related futures and options on the same platform.
With Eurex鈥檚 Euro STOXX 50 futures on Korean won, the exchange will list a derivative product based on a global benchmark index for the first time in its history.
The product specification will be designed to be as close as possible to Euro STOXX 50 futures.
Jeffrey Tessler, member of Deutsche B枚rse鈥檚 executive board, said: 鈥淭his strategic cooperation between Korean Exchange and Eurex is very beneficial for both parties鈥� customers. With the introduction of Mini KOSPI 200 futures, investors will be able to trade and hedge the Korean market with an additional Korean product 24 hours a day.鈥�
Kyungsoo Choi, chair and CEO of Korea Exchange, said: 鈥淭he exchange will list Euro STOXX 50 futures as its first derivative product based on a foreign equity index. By listing the contract, the exchange will establish the foundation to be the Asian derivatives hub.鈥�
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