Eurex and Korean Exchange Furthers Partnership to Expand Around-the-Clock Ecosystem for KOSPI Derivatives

The leading European derivatives exchange Eurex and Korea Exchange Inc. (KRX) have teamed up to expand their tradable product range with Weekly Options on the Korean benchmark index KOSPI 200, and available for traders in the Q1 2022. With weekly expirations on one of the world’s most heavily traded index options contracts, the two exchanges are expanding their around-the-clock ecosystem for KOSPI derivatives.

KOSPI 200 Options are among the three most heavily exchange traded index contracts globally. An average daily turnover in the Weekly Options of over 1 million contracts at KRX shows the high demand for weekly expiries. The ability to trade them outside the Korean trading hours gives investors greater flexibility and precision to customize short-term risk exposures in the Korean market.

Currently, Eurex is the only venue where international investors can access KOSPI derivatives outside the Korean trading hours and during European and North American trading hours. 

According to the official press release, further products tradable on the Eurex/KRX link are KOSPI 200 Futures, Mini-KOSPI 200 Futures, and the recently launched USD/KRW Futures. It is expected that CFTC (the US Commodity Futures Trading Commission) approval will be granted for the KOSPI 200 Futures contracts on the Eurex/KRX link from Q1 2022 to allow access for U.S. investors.

Previously, Fazzaco reported that Eurex has formed a partnership with several banks, including Deutsche Bank, J.P. Morgan, and LBBW, to further cement its USD clearing services.​