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EUREX AND KOREA EXCHANGE BEGIN PRODUCT COOPERATION
Posted December 15, 2008
FRANKFURT – Eurex, the leading derivatives exchange, and Korea Exchange
Inc. (KRX), a leading Asian exchange, have announced wide-ranging
product cooperation in trading and clearing derivatives, with KRX
granting Eurex the right to list, trade and clear Daily Futures on KOSPI
200 Options worldwide after Korean trading hours.
“Our agreement with Eurex is part of our strategy to extend the global
reach of KRX markets and furthermore, it is in line with KRX vision of
becoming a world-class premier exchange,” says Jung-hwan Lee, Chairman
and Chief Executive Officer of KRX. “Through this cooperation, we will
provide round-the- clock trading opportunities in KOSPI 200 Options
market which is already the most liquid exchange-traded derivative
product in the world.”
Eurex intends to launch its daily futures on this option on the Eurex
platform in January 2010. “This cooperation is another milestone in our
strategy to offer our customers access to all major asset classes and
all major markets,” says Andreas Preuss, Chief Executive Officer of
Eurex. “The Eurex listing will enable international investors and
traders to access the KOSPI 200 Options market during core European
trading hours.”
KRX and Deutsche Börse signed a Memorandum of Understanding on January 30, 2007. The agreement initiated a joint working group to explore cooperation in the derivatives market. This is one of the first joint projects of both partners. Eurex is a joint venture of Deutsche Börse AG and SIX Swiss Exchange AG.
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