Eurex and KRX Oversee Joint Offering of Key Index Listings

Eurex, a global leading derivatives Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term and integral component of the Deutsche Börse Group, has tendered a new agreement with the Korea Exchange (KRX), thereby extending a cooperation by a joint listing across each respective exchange, according to a recent Deutsche Börse statement.

Per the agreement, Eurex will list the Mini KOSPI 200 index futures during its trading hours, while KRX will also see the trading and clearing of the Euro STOXX 50 futures with the Korean Won. The joint initiative is designed to help create a night-time market for both futures and options products, thereby extending one of each exchange’s marquee product offering to broader market.

The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing - register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.

In particular, the newly launched Mini KOSPI 200 futures on Eurex are based on the KOSPI 200 index, which will complement an existing Eurex/KRX collaboration for KOSPI 200 options – this is important for users as they will be able to successfully gain access to a more diversified set of Korea-related futures and options via the same platform.

KOSPI 200 options have been one of Eurex’s strongest performing instruments, notably in Q1 2016 – this corresponded to a daily average of 108,801 contracts during this period. Conversely, the Euro STOXX 50 index has etched out a role as one of Korea’s most traded structured products market. In 2015, the index was the most widely traded foreign index derivative among Korean investors.

Meanwhile, for the KRX, the launch of Eurex’s Euro STOXX 50 futures using the Korean Won will be the first derivative product based on a global benchmark index for the first time in its history as an exchange, with a product specification to be as similar as possible to Euro STOXX 50 futures.

According to Jeffrey Tessler, member of Deutsche Börse’s executive board, in a statement on the joint offering: “This strategic cooperation between KRX and Eurex is very beneficial for both Eurex and KRX customers. With the introduction of Mini KOSPI 200 futures, investors will be able to trade and hedge the Korean market with an additional Korean product 24 hours a day.”

"KRX will list EURO STOXX 50 futures as its first derivative product based on a foreign equity index. By listing the contract, KRX will establish the foundation to be the Asian derivatives hub,” added Kyungsoo Choi, Chairman and Chief Executive Officer (CEO) of Korea Exchange, in an accompanying statement.