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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