Contract Specifications
| Contracts | Product ID | Underlying |
Eurex Daily Futures on KOSPI 200 Options of the Korea Exchange (KRX) | OKS2 | The relevant KOSPI 200 Options series listed at KRX |
Eurex Daily Futures on KOSPI 200 (Monday) Weekly Options of the Korea Exchange (KRX) | OKW1, OKW3, OKW4, OKW5 |
The underlying ISIN refers to the KOSPI 200 Futures contract on KRX. As an index calculation of the KOSPI 200 is not available during the Eurex trading hours, Eurex displays the real-time prices of the front month of KOSPI 200 Futures in KRX's overnight session as the underlying price in the Eurex system®.
Contract size
One KOSPI 200 Options contract of the relevant option series.
Settlement
Cash settlement and opening of the respective position in the corresponding series of the KOSPI 200 Options on the next exchange day of KRX following the conclusion of a Eurex Daily Futures on KOSPI 200 Options contract, at the latest, however, 40 minutes before opening of exchange trading on KRX via entry into the KRX system in favour of the respective counterparties of the option contracts.
Price quotation and minimum price change
The price quotation is in points with two decimal places. The minimum price change is 0.05 points, if the option premium of the underlying is at least 10 points (equivalent to a value of KRW 12,500), and 0.01 points, if the option premium of the underlying is less than 10 points (equivalent to a value of KRW 2,500).
Contract term
One exchange day. Eurex Daily Futures on KOSPI 200 (Monday Weekly & Weekly) Options can be traded on each day, provided that this day is an exchange day at both Eurex and KRX. Every contract expires at the end of the exchange day on which it has been concluded on the Eurex Exchanges.
Last trading day and final settlement day
Last trading day is the final settlement day. Each trading day of Eurex Daily Futures on KOSPI 200 (Monday Weekly & Weekly) Options is also the last trading day. Close of trading is at 21:00 CET.
Daily settlement price
The daily settlement price of Eurex Daily Futures on KOSPI 200 (Weekly) Options is also the final settlement price and is equivalent to the daily settlement price calculated by KRX for the KOSPI 200 Options contracts admitted for trading on KRX on the respective exchange day as of the close of trading on KRX. The cash flow resulting from the variation margin will be paid or received in KRW at the Shinhan Bank in South Korea.
Further details are available in the clearing conditions.
The complete contract specifications for the KRX KOSPI 200 Options are available here.
Block Trades
Admitted to the Eurex Block Trade Service with a Minimum Block Trade Size of 500 contracts.
Market-Making Parameter
All quotation parameters at a glance
Mistrade Parameter
This file provides an overview of mistrade ranges for Options and Futures including information on their behavior close to expiration and in stressed markets.
Crossing Parameters
(section 2.6 Eurex Trading Conditions)
(1) Orders and quotes relating to the same instrument or combined instrument may, in case they could immediately be executed against each other, neither be entered knowingly by an Exchange Participant (a cross trade) nor pursuant to a prior understanding by two different Exchange Participants (a pre-arranged trade), unless the conditions according to Paragraph 3 have been fulfilled. The same shall apply for the entry of orders as part of a quote.
(2) An Exchange Participant may submit a description of his internal and external links to the EDP system of Eurex Deutschland to the Market Surveillance Office of Eurex Deutschland with a view to a decision on whether the Exchange Participant acted knowingly within the meaning of Paragraph 1. The details of the specifications of the description of the IT linkage pursuant to Sentence 1 shall be determined by the Surveillance Office of Eurex Deutschland in agreement with the Management Board of Eurex Deutschland.
(3) A cross trade or a pre-arranged trade is admissible if a participant in a cross-trade or a pre-arranged trade, prior to entering his order or quote into the EDP system of Eurex Deutschland, announces his intention to execute a corresponding number of contracts as cross-trades or pre-arranged trades in the order book (“cross request”). The order or quote giving rise to the cross trade or pre-arranged trade must be entered one second at the earliest and 61 seconds at the latest with regard to Money Market Futures contracts, Fixed Income Futures contracts, options on Money Market Futures contracts and options on Fixed Income Futures contracts, respectively 31 seconds at the latest with regard to all other futures and option contracts after having entered the cross request. The purchasing Exchange Participant shall bear the responsibility for compliance with the content of the cross request entry. Entering a cross request without subsequently entering the respective order or quote is not admissible.
(4) Paragraphs 1 and 3 shall not apply to transactions consummated during the netting process in an auction (Number 1.4 Paragraphs 2 and Paragraph 3).
(5) Paragraph 1 shall apply mutatis mutandis to other behaviour constituting evasion of this regulation.
| Pre-Trading | Trading | Post-Trading | |||
|---|---|---|---|---|---|
| Full | Late1 | Late2 | Restricted | ||
| 09:30 | 10:00 | 21:00 | 21:30 |
| Pre-Trading | Trading | Post-Trading | |||
|---|---|---|---|---|---|
| Full | Late1 | Late2 | Restricted | ||
| 09:30 | 10:00 | 21:00 |
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
No cash payment in CHF
Eurex is closed for trading and clearing (exercise and settlement) in Swiss equity index derivatives
No cash payment in USD
No cash payment in KRW
Eurex is closed for trading in Daily Futures on KOSPI 200 Derivatives
No cash payment in KRW
Eurex is closed for trading in Daily Futures on KOSPI 200 Derivatives
No cash payment in USD
No cash payment in KRW
Eurex is closed for trading in Daily Futures on KOSPI 200 Derivatives
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
No cash payment in KRW
Eurex is closed for trading in Daily Futures on KOSPI 200 Derivatives
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
Eurex is closed for trading in Daily Futures on KOSPI 200 Derivatives
No cash payment in KRW
Eurex is closed for trading and exercise in British equity index derivatives
Eurex is closed for trading and clearing (exercise and settlement) in Swiss equity index derivatives
Eurex is closed for trading and exercise in Finnish equity index derivatives
No cash payment in CHF
Eurex is closed for trading in Daily Futures on KOSPI 200 Derivatives
No cash payment in KRW
Eurex is closed for trading and clearing (exercise and settlement) in Swiss equity index derivatives
No cash payment in CHF
Eurex is closed for trading and exercise in British equity index derivatives
No cash payment in USD
No cash payment in KRW
Eurex is closed for trading in Daily Futures on KOSPI 200 Derivatives
No cash payment in USD
Eurex is closed for trading and exercise in Finnish equity index derivatives
No cash payment in USD
Eurex is closed for trading and clearing (exercise and settlement) in Swiss equity index derivatives
No cash payment in CHF
No cash payment in KRW
Eurex is closed for trading in Daily Futures on KOSPI 200 Derivatives and Daily USD/KRW Futures
Eurex is closed for trading and exercise in British equity index derivatives
No cash payment in USD
Eurex is closed for trading in Daily Futures on KOSPI 200 Derivatives and Daily USD/KRW Futures
No cash payment in KRW
Eurex is closed for trading in Daily Futures on KOSPI 200 Derivatives and Daily USD/KRW Futures
No cash payment in KRW
Eurex is closed for trading in Daily Futures on KOSPI 200 Derivatives
No cash payment in KRW
No cash payment in KRW
Eurex is closed for trading in Daily Futures on KOSPI 200 Derivatives and Daily USD/KRW Futures
Eurex is closed for trading in Daily Futures on KOSPI 200 Derivatives
No cash payment in KRW
No cash payment in USD
No cash payment in USD
No cash payment in USD
Eurex is closed for trading and exercise in Finnish equity index derivatives
Eurex is closed for trading in all derivatives
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
Eurex is closed for trading and clearing (exercise, settlement and cash) in all derivatives
Eurex is closed for trading in all derivatives
| Fee Type | Fee |
|---|---|
| Exchange transactions: Standard fees (A-, M- and P-accounts) | KRW 0.04 % of the premium per contract |
| TES transactions: Standard fees (A-, M- and P-accounts) | KRW 0.04 % of the premium per contract |
Market Status ⓘ
XEUR
The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.
Please find further information about incident handling in the Emergency Playbook published on the Eurex webpage under Support --> Emergencies and safeguards. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message.
We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.
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