By the end of April 2015, the Eurex KOSPI Product surpassed the level of 100 million traded contracts cumulative since launch in August 2010. It is part of the Eurex/KRX Link which has been developed by the international derivatives markets Eurex Exchange and Korea Exchange (KRX). Through this Link, both exchanges provide market participants worldwide with nearly 24h-trading and clearing access to KOSPI 200 Options.
Currently, 23 Eurex Exchange members and 21 KRX members participate in the Eurex/KRX Link, while 2 additional members are preparing their connectivity. In the first four months of 2015, the average daily volume of the Eurex KOSPI Product exceeded 90,000 contracts. This trading volume represents approximately 5 percent of the day-time volume of KOSPI 200 Options traded on KRX.
“We are very pleased about the success of our Link. Exceeding the number of 100 million traded contracts spurs our efforts to deepen our partnership. Our cooperation has become a blue print for mutual beneficial cooperation agreements among exchanges for the benefits of market participants to trade, hedge and manage their risk,” said Michael Peters, member of the Eurex Executive Board.
The Eurex KOSPI Product is a daily futures contract on the KOSPI 200 option listed on KRX. The futures contracts expire at the end of each trading day, and open positions are transferred to the KRX into new positions in the KOSPI 200 options. The product cooperation between Eurex and KRX enables market participants to trade the KOSPI 200 option during European and North American trading hours.
Media contact: