News Center
May 17, 2011

Eurex

Eurex KOSPI Product surpasses milestone of 1 million traded contracts

The international derivatives exchange Eurex today announced that its Eurex KOSPI Product has exceeded the 1 million traded contracts threshold last Thursday, 12 May, for the first time since its launch on 30 August 2010. Monthly trading volume has been increasing steadily, reaching more than 147,000 contracts in the current month (as of 13 May). Average daily volume is on record levels and totals more than 21,000 contracts in the current month. The current daily record of more than 29,000 order book traded contracts was achieved on 11 May 2011.

Eurex and KRX expect that volumes continue to grow in conjunction with the rising number of active end-customers as well as Eurex and KRX members using the Eurex KOSPI Product. Currently, five out of the ten most active Korean member firms trade the Eurex KOSPI Product. Altogether, 13 KRX and Eurex participants are active, among them two market makers. Further, there are 5 additional KRX and 7 Eurex members who are preparing to participate in the Eurex/KRX Link in due course.

The Eurex KOSPI Product is a daily futures contract based on the KOSPI 200 options available on the Korea Exchange (KRX). The futures contracts expire at the end of each trading day and any open positions are transferred to KRX to establish a position in the KOPSI 200 option. This product cooperation between Eurex and KRX enables market participants to trade KOSPI 200 options during European and North American trading hours.

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