Eurex/KRX Link

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
USD/KRW Futures
KOSPI 200 Thursday Weekly Options
KOSPI 200 Monday Weekly Options

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.

Eurex KOSPI Products - Monthly ADV (thousands)

Focus on Korea – Unleashing the potential of after-hours trading

The article delves into the market liquidity of Eurex KOSPI derivatives and the potential it holds for our market participants.

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Key Benefits

Access to KOSPI after-hours market
Eurex KOSPI products provide market participants with more trading and hedging opportunities of the Korean index during the core European and US time zone
Attractive and liquid market
The KRX KOSPI Options are one of the most liquid derivatives in the world.
Fully fungible products
Eurex/KRX Link 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 Futures¹

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 – 04:00²KST	One KOSPI 200 Futures contract of the relevant series. (KRW 250,000)

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 – 04:00²KST

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

Daily Futures on Mini-KOSPI Futures¹

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 – 04:00² KST	One Mini-KOSPI 200 Futures contract of the relevant series. (KRW 50,000)

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 – 04:00² KST

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

Daily Futures on KOSPI 200 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 – 04:00² KST	One KOSPI 200 Option contract of the relevant series (multiplier adjusted to KRW 250,000 per index point as of 27 March 2017)

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 – 04:00² KST

One KOSPI 200 Option
contract of the relevant series

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

Daily Futures on KOSPI 200 Thursday Weekly Options

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	OKW1/ OKW3/ OKW4/ OKW5	10:00 - 21:00 CET 11:00 – 21:00 CEST 18:00 – 05:00 KST 18:00 – 04:00² KST	One KOSPI 200 Thursday Weekly Options contract of the relevant series

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

OKW1/
OKW3/
OKW4/
OKW5

10:00 - 21:00 CET
11:00 – 21:00 CEST

18:00 – 05:00 KST
18:00 – 04:00² KST

One KOSPI 200 Thursday Weekly Options
contract of the relevant series

Daily Futures on KOSPI 200 Monday Weekly Options

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	OKM1/ OKM2/ OKM3/ OKM4/ OKM5	10:00 - 21:00 CET 11:00 – 21:00 CEST 18:00 – 05:00 KST 18:00 – 04:00² KST	One KOSPI 200 Monday Weekly Options contract of the relevant series

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

OKM1/
OKM2/
OKM3/
OKM4/
OKM5

10:00 - 21:00 CET
11:00 – 21:00 CEST

18:00 – 05:00 KST
18:00 – 04:00² KST

One KOSPI 200 Monday Weekly Options
contract of the relevant series

¹ CFTC approved

² during the daylight savings time in Europe

How to access the Eurex/KRX link

Listing of the Eurex/KRX Link Products
Eurex members: must have a business relationship with at least one KRX member to facilitate the delivery of the Eurex/KRX Link Products. KRX members: open an account with at least one Eurex member to facilitate outbound orders from Korea to trade the Eurex/KRX Link Products
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/KRX Link Products through Eurex members
Margining: Intra-day margin in one of the Eurex clearing currencies (EUR/CHF/USD/GBP)
Clearing: Payment/Receipt of variation margin in KRW at a Korean settlement bank by KST 15:00 (CET 07:00 or 08:00*)
Settlement information transfer on a final beneficiary basis from Eurex Clearing to KRX
Settlement information transfer from KRX to the respective KRX members
Margin check & entry of the settlement information into the KRX system through KRX‘s OTC Block Trading Functionality
Confirmation of settlement information entry which results in Eurex/KRX Link product positions in the KRX market

Focus | Eurex

Eurex Product Design Sascha Semroch T +49 69 211-1 50 78 sascha.semroch@eurex.com	Eurex Sales Jane Yeo (여지윤) T +852 2530- 78 07 jane.yeo@eurex.com	KRX Global Alliance global_marketing@krx.co.kr

Eurex Product Design

Sascha Semroch

T +49 69 211-1 50 78

sascha.semroch@eurex.com

Eurex Sales

Jane Yeo (여지윤)

T +852 2530- 78 07

jane.yeo@eurex.com

KRX Global Alliance

global_marketing@krx.co.kr

Eurex/KRX Link

Eurex KOSPI Products - Monthly ADV (thousands)

Focus on Korea – Unleashing the potential of after-hours trading

Key Benefits

Trading phases

Contract Specifications

How to access the Eurex/KRX link

KOSPI Derivatives Highlights

Liquid orderbook on Eurex/KRX Link

KOSPI derivatives volume soaring +160%

Eurex KOSPI 200 Futures and Mini-KOSPI Futures

Daily Options

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