News Center
31 Aug 2020

Eurex | Eurex Group

10 years Eurex and Korea Exchange – a prime example of a successful partnership

Established on 30 August 2010, this successful cooperation is now in its tenth year. Eurex and Korea Exchange (KRX) both extended their global reach with a strategic partnership to provide our market participants with further trading and hedging opportunities for KOSPI 200 positions during core European and North American trading hours.

The partnership allows for around-the-clock trading opportunities in the KOSPI 200 market, something the Korea Exchange sees as completely in line with its vision. The KOSPI 200 Index is a capitalization-weighted index of 200 Korean stocks which make up 93% of the total market value of the Korea Stock Exchange. KOSPI 200 Options are one of the most liquid exchange-traded derivatives products in the world.

“It is wonderful that a major European exchange such as Eurex focused on the needs of Korean clients wanting extended trading hours for their local main index. Deutsche Bank is very proud to support this cross-regional initiative which has turned into a great success story!”
Sebastien Bonvalet, Head of Listed Derivatives APAC, Deutsche Bank

For Eurex, this cooperation is another major step forward in its strategy to extend its global product suite by offering members greater access to existing liquidity pools. The listing of one of the most heavily traded options contract in the world at Eurex will enable international investors and traders to access the KOSPI 200 Options market around the clock.

“It has been quite a pleasure to work together with our partners at KRX to build such a successful cooperation. We look forward to the continued growth of this innovative link in the coming years, creating more trading and hedging opportunities for our clients.”  Mezhgan Qabool, Head of Market Development, and Head of Equity & Index Sales Eurex Asia Pacific

The partnership received strong support from major market participants right from the start, and both partners had high hopes that the cooperation would benefit everybody. A long list of impressive milestones has proved them right.

It started with KRX and Eurex offering after-hours trading of KOSPI 200 Options via the Eurex/KRX Link. In April 2015, the Eurex KOSPI Product already exceeded 100 million traded contracts. November 2016 saw the listing of Mini-KOSPI Futures on the existing link.

2020 was a special year with Eurex becoming the only exchange offering KOSPI 200 futures after Korean trading hours. By June 2020, over 254 million Eurex KOSPI Options had been traded since inception, and a 145 percent quarter-on-quarter increase has been achieved in the trading volume of the Mini-KOSPI Futures.


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