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Eurex/KRX Link

Eurex/KRX Link

Eurex and the Korea Exchange (KRX) have offered after-hours trading of Eurex KOSPI 200 Options at Eurex Exchange since 2010. The Eurex/KRX link received strong commitment from major banks and financial institutions around the world and has been a great success ever since.

More than 241 million Eurex KOSPI Options contracts traded since inception.

Key highlights

  • Attractive and liquid market 
    for trading Eurex KOSPI products after Korean trading hours
  • Fully fungible products 
    allow the transfer of open interest from Eurex to KRX
  • Major trading, clearing and risk management functionalities
    are available to all Eurex members
  • Healthy distribution of activities
    • Around 50 Eurex and KRX members
    • Eurex KOSPI 200 Options:
      ADV of 245K in Feb 2020
      (45% increase compared to Jan 2020)
    • Eurex KOSPI 200 futures:
      Trading volume doubled in Feb 2020
      (in comparison with Jan 2020)

Find it fast

Eurex KOSPI 24 hour—trading phases



How to access Eurex KOSPI Link: step-by-step guide

1Listing of the Eurex KOSPI Products
2Eurex members: must have a business relationship with at least one KRX member to facilitate the delivery of the Eurex KOSPI Products
3KRX members: open an account with at least one Eurex member to facilitate outbound orders from Korea to trade the Eurex KOSPI Products
4Eurex 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
5Margining: Intra-day margin in one of the Eurex clearing currencies (EUR/CHF/USD/GBP)
6Clearing: Payment/Receipt of variation margin in KRW at a Korean settlement bank by KST 15:00 (CET 07:00 or 08:00*)
7Settlement information transfer on a final beneficiary basis from Eurex Clearing to KRX
8Settlement information transfer from KRX to the respective KRX members
9Margin check & entry of the settlement information into the KRX system through KRX‘s OTC Block Trading Functionality
10Confirmation of settlement information entry which results in KOSPI 200 Options / Mini-KOSPI 200 Futures positions in the KRX market



Contact


Feel free to contact us should you have any questions:

Sales and Business Development - Korea

Sung Min Lim (임성민)
Eurex Hong Kong Office
2904-7, 29/F Man Yee Building
68 Des Voeux Road Central Hong Kong
P: +852 2530 7800
sungmin.lim@eurexchange.com


Client Outreach Lead (Asia)

Mezhgan Qabool
Eurex Singapore Office
9 Raffles Place #56-01
Republic Plaza Singapore 048619
P: +65 6597 3061
eurex.singapore@eurexchange.com


Product Development

Tobias Ehinger
Eurex Frankfurt AG | Equity and Index
Product Research and Development
Mergenthalerallee 61
65760 Eschborn
T +49-69-211-1 23 13
tobias.ehinger@eurexchange.com


KRX Global Alliance Team

Jungmyoung Seo
Derivatives Global Business Development
T +82-51-6622695
jmseo@krx.co.kr



Circular

DateDescription
2019/11/04Eurex Exchange Readiness Newsflash | Updates November 2019
2019/10/29Eurex KOSPI derivatives: Changed trading hours on 14 November 2019
2019/07/22

Changes in Liquidity Provider Schemes in selected products and amendment of the General Supplement to the Liquidity Provider Agreement

2018/11/06Eurex KOSPI derivatives: Changed trading hours on 15 November 2018
2018/06/15Provision of market data for all products via EOBI in the T7 production environment and changes to Eurex Exchange’s connectivity price list
2017/12/08Eurex Daily Futures on KOSPI 200 Derivatives: Resumption of trading at Eurex Exchange on 11 December 2017
2017/12/05Eurex Daily Futures on KOSPI 200 Derivatives: No trading at Eurex Exchange on 5 December 2017 due to technical constraints
2017/11/21Eurex KOSPI Products: Changed trading hours on 23 November 2017
2017/11/08Eurex KOSPI Products: Changed trading hours on 16 November 2017
2017/09/21Eurex Daily Futures on KOSPI 200 derivatives: No trading at the Eurex Exchanges on 2 October 2017 due to public holiday in the Republic of Korea
2017/05/12Eurex Daily Futures on Mini KOSPI 200 Futures: Change of the Underlying ISIN
2017/04/03Eurex Daily Futures on KOSPI 200 derivatives: No trading at Eurex Deutschland and Eurex Zürich on 9 May 2017 due to public holiday in the Republic of Korea

2017/03/03

Eurex Daily Futures contracts on KOSPI-200 derivatives
2016/11/30Eurex Daily Futures on Mini KOSPI-200-Futures
2016/10/10Equity index derivatives: Introduction of Eurex Daily Futures on Mini KOSPI-200-Futures
2013/06/28Special fee discount extended to Eurex Participants located in South Korea; temporary fee holiday for the Eurex KOSPI Product
2012/05/29Eurex KOSPI Product: Change of Contract Size
2011/03/03Eurex KOSPI Product: Relevant KRX Information for the Ex-post Margin System and Position Limits, Eurex Cash Payment Calendar and Composite RIC Code
2010/08/19Eurex KOSPI Product: Market Maker Schemes and Mistrade Ranges
2010/06/25Eurex KOSPI Product: Introduction of Daily Futures on KOSPI 200 Options as of August 30, 2010