The only after-hours trading venue for KOSPI derivatives

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.

Solid volume development on Eurex KOSPI derivatives

The Eurex Mini-KOSPI 200 Futures trading volume increased twelvefold in 2020 and the Eurex KOSPI 200 Options day-to-night trading ratio has remained stable over the years

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 (Coming soon!)

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.


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
    More than 263.9 million Eurex KOSPI Options contracts traded since inception with a twelvefold increase in Mini-KOSPI 200 Futures trading volume (2019 vs. 2020)
     
  • Fully fungible products
    Eurex KOSPI 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 Futures (Available from 22 March 2021)

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 – 04:00* KST



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

* during the daylight savings time in Europe


Daily Futures on Mini-KOSPI Futures

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 – 04:00* KST



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

* during the daylight savings time in Europe


Daily Futures on KOSPI 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 – 04:00* KST


One KOSPI 200 Option
contract of the relevant series




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

* during the daylight savings time in Europe


How to access the Eurex/KRX link

  1. Listing of the Eurex KOSPI Products
  2. Eurex members: must have a business relationship with at least one KRX member to facilitate the delivery of the Eurex KOSPI Products. KRX members: open an account with at least one Eurex member to facilitate outbound orders from Korea to trade the Eurex KOSPI 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 KOSPI 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 KOSPI 200 Options / Mini-KOSPI 200 Futures positions in the KRX market

Highlights

After-hours trading of Mini-KOSPI Futures – only at Eurex Exchange

“For the last decade, the Eurex KOSPI market has been offering Asian investors exceptional opportunities to follow the various global market events. As one of the major market makers in KOSPI, we see this as a distinctive and intriguing market.” Peter Cho, Senior Trader, Ingensoma Arbitrage Pte Ltd

Contacts

Eurex Product Design

Floris Florquin

T +44-207862-7662

floris.florquin@eurex.com

Eurex Sales

Mezhgan Qabool

T +65 6597 3062

KRX Global Alliance

Jungmyoung Seo

T +82-51-6622695

jmseo@krx.co.kr