Wednesday April 20 2016
News Source: Global Exchanges
Focus: Other
Type: General
Country: International
On 20th April 2016, Eurex announced it had signed a contract with Korea Exchange to extend their cooperation by listing Mini KOSPI 200 index futures during Eurex trading hours. In addition, Euro STOXX 50 futures will be traded and cleared in Korean Won on KRX during Korean trading hours.
Mini KOSPI 200 futures, which are based on the KOSPI 200 index, will complement the Eurex/KRX link for KOSPI 200 options. Eurex users will be able to trade the Korea-related futures and options on the same platform. This will create a nighttime market for both futures and options based on the KOSPI 200 index on Eurex.
With Eurex’s Euro STOXX 50 futures on Korean Won, KRX 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.
Click on the link above for further details.