Eurex, Korea Exchange Add USD/KRW Futures Via Eurex/KRX link

Eurex, the leading European derivatives exchange and one of the remarkable clearing houses globally, and the Korea Exchange (KRX), the sole securities exchange operator in South Korea, announced to launch USD/KRW Futures via their joint Eurex/KRX link.

The newly contracts are scheduled to launch on 26 July, and will complement the KOSPI 200 Options, Mini-KOSPI Futures, and the recently launched KOSPI 200 Futures.

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Eurex is the only venue that offers domestic and international investors access to the Korean market outside Korean trading hours. Following CFTC approval, this product will be available to U.S. market participants upon launch.

Michael Peters, CEO of Eurex, commented, “South Korea is one of the world’s leading exporting nations. For financial institutions, corporates, and investors – whether in Asia, Europe or the U.S. – this FX futures contract is a valuable tool to facilitate exposure to Korean Won and manage currency risk around the clock.”

Sohn Byungdoo, Chairman and CEO of KRX, added, “Following the successful launch of Eurex KOSPI 200 Futures on 22 March, the listing of USD/KRW Futures on the KRX-Eurex link market, which are the first FX futures on the link, will provide investors with an opportunity to manage the foreign exchange risk on a 24-hour basis. Furthermore, the listing also carries great meaning in that it broadens the diversity of products offered on the KRX-Eurex link.”

​Eurex posted its trading numbers for the month of May​, revealing a strong growth in derivatives contracts. The number of derivatives contracts came in at 137.4 million in May, which is up 13 percent compared to the same periord of last year. The number of European interest rate derivatives and European equity derivatives soared by 37 percent and 41 percent respectively. However, Eurex reported a fall of nearly 8 percent in European equity index derivatives contracts in May compared to the same period of 2020.