The only after-hours trading venue for KOSPI derivatives

Eurex/KRX Link

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.

Eurex KOSPI Products - Monthly ADV (thousands)

Key Benefits

  • Access to KOSPI after-hours market
    Eurex KOSPI products provide market participants with more trading and hedging opportunities of the Korean index during the core European and US time zone
  • Attractive and liquid market
    The KRX KOSPI Options are one of the most liquid derivatives in the world.
  • 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

FBK2

10:00 - 21:00 CET
11:00 – 21:00 CEST

18:00 – 05:00 KST 
18:00 – 04:00KST



One KOSPI 200
Futures contract of the
relevant series. (KRW 250,000)



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

FMK2

10:00 - 21:00 CET
11:00 – 21:00 CEST

18:00 – 05:00 KST 
18:00 – 04:002 KST



One Mini-KOSPI 200
Futures contract of the
relevant series. (KRW 50,000)


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
or above 10 points



0.01 points when
the price is quoted below 10 points

KRW 12,500



 

KRW 2,500

       OKS2

10:00 - 21:00 CET
            11:00 – 21:00 CEST                                    



18:00 – 05:00 KST 
18:00 – 04:002 KST

One KOSPI 200 Option
contract of the relevant series




(multiplier adjusted to KRW 250,000 per index point as of 27 March 2017)



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
or above 10 points



0.01 points when
the price is quoted below 10 points

KRW 12,500



 

KRW 2,500

OKW1/3/4/5

10:00 - 21:00 CET
                        11:00 – 21:00 CEST                                    



18:00 – 05:00 KST 
18:00 – 04:002 KST


One KOSPI 200 Weekly Options
contract of the relevant series




 



1 CFTC approved 

2 during the daylight savings time in Europe


How to access the Eurex/KRX link

  1. Listing of the Eurex/KRX Link Products
  2. 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
  3. 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
  4. Margining: Intra-day margin in one of the Eurex clearing currencies (EUR/CHF/USD/GBP)
  5. Clearing: Payment/Receipt of variation margin in KRW at a Korean settlement bank by KST 15:00 (CET 07:00 or 08:00*)
  6. Settlement information transfer on a final beneficiary basis from Eurex Clearing to KRX
  7. Settlement information transfer from KRX to the respective KRX members
  8. Margin check & entry of the settlement information into the KRX system through KRX‘s OTC Block Trading Functionality
  9. Confirmation of settlement information entry which results in Eurex/KRX Link product positions in the KRX market

KOSPI derivatives
volume soaring +160%

For the first half of this year in comparison with 2021.
Read more

KOSPI Derivatives Highlights

Circulars | Products, Functionalities & Services | Eurex

Eurex KOSPI 200 Futures and Mini-KOSPI Futures

Available for the U.S. participants from 7 February 2022

Contacts

Eurex Product Design
 

Floris Florquin

T +44-207862-7662

floris.florquin@eurex.com

Eurex Sales
 

Jane Yeo (여지윤)

T +852 2530- 78 07

KRX Global Alliance

Jungmyoung Seo
T +82-51-6622695

jmseo@krx.co.kr