Eurex/KRX Link
Celebrating ten years of partnership with KRX
KRX and Eurex have been offering after-hours trading of KOSPI derivatives at Eurex ("Eurex/ KRX Link") since 30 August 2010. Since its inception, the Eurex/KRX link received a strong commitment from major banks and financial institutions worldwide and it has been a great success ever since.
Positive volume development on Eurex KOSPI derivatives
Over 19 million contracts were traded on Eurex KOSPI products in 2021. The Eurex KOSPI 200 Options reached a new daily record volume of over 350K in Q1 2022 and Mini-KOSPI 200 Futures saw a monthly Night-to-Day ratio YoY increase of 2.87 percentage points in Dec 2021.
Trade and hedge your Korean exposure after KRX closing hours
The following fully fungible daily expiring futures are available for trading at Eurex during the core European and U.S. time zones:
- KOSPI 200 Options
- Mini-KOSPI 200 Futures
- KOSPI 200 Futures
- USD/KRW Futures
- KOSPI 200 Weekly Options
The strategic cooperation between KRX and Eurex has proven extremely beneficial for Eurex and KRX customers alike. It will continue to provide market participants with more trading and hedging opportunities on both exchanges.
A daily record volume of more than 350,000 Eurex KOSPI Options contracts traded on 12 January 2022 during the Korean after hours.
Key Benefits
- Access to KOSPI after-hours market
The KRX KOSPI Options are one of the most liquid derivatives in the world. Eurex KOSPI products provide market participants with more trading and hedging opportunities of the Korean index during the core European and US time zones
- Attractive and liquid market
Activity continues to grow, with over 19 million contracts traded on Eurex KOSPI products in 2021
- Fully fungible products
Eurex/KRX Link products are fully fungible with the corresponding contracts at KRX
- Exchange-traded benefits
Important exchange-based trading, clearing and risk management functionalities help to
reduce counterparty risks and increase margin efficiencies
Trading phases
Contract Specifications
Daily Futures on KOSPI 200 Futures1
Min. Price Change | Product Code | Trading Hours | Contract multiplier | |
Points | Value | |||
0.05 | KRW 12,500 | 10:00 - 21:00 CET | One KOSPI 200 | |
Daily Futures on Mini-KOSPI Futures1
Click on the Eurex product code to view further contract details, such as price charts and trading parameters.
Min. Price Change | Product Code | Trading Hours | Contract multiplier | |
Points | Value | |||
0.02 | KRW 1,000 | 10:00 - 21:00 CET | One Mini-KOSPI 200 | |
Daily Futures on KOSPI 200 Options
Click on the Eurex product code to view further contract details, such as price charts and trading parameters.
Min. Price Change | Product Code | Trading Hours | Contract multiplier | |
Points | Value | |||
0.05 points when the price is quoted at
| KRW 12,500
KRW 2,500 | OKS2 | 10:00 - 21:00 CET
| One KOSPI 200 Option
|
Daily Futures on KOSPI 200 Weekly Options (Coming soon!)
Min. Price Change | Product Code | Trading Hours | Contract multiplier | |
Points | Value | |||
0.05 points when the price is quoted at
| KRW 12,500
KRW 2,500 | OKW1/3/4/5 | 10:00 - 21:00 CET
| One KOSPI 200 Weekly Options
|
1 CFTC approved
2 during the daylight savings time in Europe
How to access the Eurex/KRX link
- Listing of the Eurex/KRX Link Products
- Eurex members: must have a business relationship with at least one KRX member to facilitate the delivery of the Eurex/KRX Link Products. KRX members: open an account with at least one Eurex member to facilitate outbound orders from Korea to trade the Eurex/KRX Link Products
- Eurex members trade the product at Eurex by indicating the KRX member and the ID account number of the final beneficiary into the respective dedicated field along with the order. KRX members trade the Eurex/KRX Link Products through Eurex members
- Margining: Intra-day margin in one of the Eurex clearing currencies (EUR/CHF/USD/GBP)
- Clearing: Payment/Receipt of variation margin in KRW at a Korean settlement bank by KST 15:00 (CET 07:00 or 08:00*)
- Settlement information transfer on a final beneficiary basis from Eurex Clearing to KRX
- Settlement information transfer from KRX to the respective KRX members
- Margin check & entry of the settlement information into the KRX system through KRX‘s OTC Block Trading Functionality
- Confirmation of settlement information entry which results in Eurex/KRX Link product positions in the KRX market
Volume Development
Eurex/KRX Link Products - Monthly ADV (thousands)
KOSPI Derivatives Highlights
Eurex and KRX expand around-the-clock ecosystem for KOSPI derivatives
Eurex KOSPI 200 Futures and Mini-KOSPI Futures
Contacts
Eurex Product Design Floris Florquin T +44-207862-7662 | Eurex Sales Jane Yeo (여지윤) T +852 2530- 78 07 | KRX Global Alliance |
