Derivatives exchange Eurex and Korea Exchange have announced a product cooperation agreement covering trading and clearing derivatives.
Derivatives exchange Eurex and Korea Exchange have announced a product cooperation agreement covering trading and clearing derivatives.
Under the agreement, Korea Exchange will grant Eurex the right to list, trade and clear daily futures on KOSPI 200 options worldwide after Korean trading hours.
Eurex intends to launch its daily futures on this option on the Eurex platform in January 2010.
Andreas Preuss, chief executive of Eurex, says: ‘This cooperation is another milestone in our strategy to offer our customers access to all major asset classes and all major markets. The Eurex listing will enable international investors and traders to access the KOSPI 200 options market during core European trading hours.’
Both partners believe the cooperation will increase the liquidity and efficiency of the Korean market.
Korea Exchange and Deutsche Börse signed a memorandum of understanding on 30 January 2007.
Among other activities, the memorandum of understanding initiated a joint working group to explore cooperation in the derivatives market.
Today’s announcement is one of the first joint projects of both partners.
