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Eurex KRX

Access the Eurex/Korean Exchange (KRX) Link via the Interactive Brokers Platform

The only after-hours1 trading venue for KRX products.

Since August 2010, the Eurex / Korea Exchange (KRX) link has provided investors with a way to trade and hedge their Korean exposure after KRX closing hours, which allows clients on the Interactive Brokers platform to trade KOSPI and USD/KRW derivatives at Eurex during core European and North American trading hours.

Key Benefits

  • 24-hour trading and clearing enables market participants to react to overnight events and market movements
  • Eurex contract is currently the only venue where international investors can access KOSPI derivatives during the Korean night trading session (Eurex CET hours)
  • Eurex KOSPI products are fully fungible with the corresponding contracts at KRX and expire daily into the corresponding Eurex/KRX product position established at KRX prior to the T+1 KRX market open
  • Eurex’s leading trading, clearing and risk management functionalities help to reduce counterparty risks and increase margin efficiencies

Contract Specifications

 

Daily Futures on KOSPI 200 Futures Daily Futures on Mini-KOSPI 200 Futures Daily Options on KOSPI 200 Options Daily Options on KOSPI 200 Thursday Weekly Options Daily Options on KOSPI 200 Monday Weekly Options Daily USD/KRW Futures on US Dollar Futures2

Eurex Product Code

FBK2

FMK2

OSK2 INDEX OMON

OKW1/3/4/5

OKM1/2/3/4/5

FCUW

IBKR Trader Workstation

KS200.EU

K200M.EU

KS200.EU

KS200.EU

KS200.EU

KWY.EU

Bloomberg

FZYA Index

FXYA Index

OSK2 INDEX OMON

WOKS2KA/C/D/E Index OMON

WOKS2M1/2/3/4/5 Index OMON

KUDA Curncy

Refinitiv

0#FBK2:

0#FMK2:

0#OSK2*.EX

0#OKS21/23/24/25W*.EX

0#OKM1/2/3/4/5W*.EX

0#FCUW

Underlying

The relevant contract or series of options listed at KRX.

Contract Multiplier

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

One Mini-KOSPI 200 Futures Contract of the relevant series (KRQ 50,000)

One KOSPI 200 Option contract of the relevant series (multiplier adjusted to KRW 250,000 per index point as of 27 March 2017)

One KOSPI 200 Weekly Options contract of the relevant series (KRW 250,000)

One USD/KRW Futures contract of the relevant series (USD 10,000)

Quotation

In points with two decimal places

Minimum Price Change

0.05 points (KRW 12,500)

0.02 points (KRW 1,000)

0.01 points (KRW 2,500) when the price is quoted below 10 points.
0.05 points (KRW 12,500) when the price is quoted at or above 10 points

0.1 points (KRW 1,000)

Contract Term

Every contract expires at the end of the exchange day on which it has been concluded on Eurex Exchange. Eurex/KRX Link Products can be traded on each day, provided that day is an exchange day for both Eurex and KRX.

Settlement

Variation margin at Eurex and physical delivery via position establishment in the respective Eurex/KRX Link product on the following trading day at KRX prior to its market opening.

Final Settlement Price

The daily settlement price of the Eurex/KRX Link product is also the final settlement price and is equivalent to the daily settlement price calculated by KRX for the Eurex/KRX Link product contracts admitted for trading on KRX on the respective exchange day as of the close of trading on KRX. The cash flow resulting from the variation margin will be paid or received in KRW at a correspondent bank account in Korea.

Last Trading Day / Final Settlement Day

Last trading day is the final settlement day. Each trading day is also the last trading day.

Trading Hours

CET 10:00 - 21:00 or 11:003 - 21:00 (KST 18:00 - 05:00 or 18:00 - 04:003)

Financial charting screen

Why trade Eurex/KRX Link KOSPI and USD/KRW Derivatives with Interactive Brokers?

Interactive Brokers (Nasdaq: IBKR) is an automated global electronic broker that serves individual investors, hedge funds, proprietary trading groups, registered investment advisors and introducing brokers.

Our four-decade focus on technology and automation allows us to provide our clients with a sophisticated, global trading platform with the lowest costs for managing investments. IBKR clients enjoy access to cryptocurrencies, stocks, options, futures, currencies, bonds, funds and more on over 150 markets in 34 countries.

Already an Interactive Brokers Client?

If you are an IBKR client with European (German and/or Switzerland) futures or futures options trading permissions, you can trade by entering the product symbol into one of our trading platforms. If you do not have European (German and/or Switzerland) futures or futures options trading permissions, simply log in to Client Portal and request trading permissions from the User (“head/shoulders” icon) > Settings > Trading - Trading Permissions menu item.

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Disclosures

  1. Night hours session in Korea Standard Time (KST)
  2. CFTC approved
  3. During daylight savings time in Europe