Eurex, KRX to work together

Eurex and Korea Exchange (KRX) have signed a contract to extend their co-operation by listing Mini KOSPI 200 index futures during Eurex trading hours. In addition, Euro STOXX 50 futures will be traded and cleared in Korean Won on KRX during Korean trading hours.

They say the product specification will be designed to be as close as possible to Euro STOXX 50 futures. Jeffrey Tessler, a member of Eurex parent Deutsche Börse’s executive board, said: “This strategic co-operation 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.”

Kyungsoo Choi, Chairman and CEO of Korea Exchange, said: “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.”