Exchange to Conduct Night Trading of US Dollar Futures Linked with Eurex on the 26th

The Korea Exchange announced on the 12th that it plans to list US dollar futures on the Germany Eurex-linked night market on the 26th. (Provided by Korea Exchange)

[Asia Economy Reporter Gong Byung-sun] The Korea Exchange announced on the 12th that it plans to list US Dollar futures on the Germany Eurex-linked night market starting on the 26th.

The Eurex-linked US Dollar futures will be listed as one-day maturity futures based on KRX US Dollar futures on the Eurex market. These futures will be traded from 6 PM to 5 AM the next day, Korea time.

The trading method involves transferring open positions from the night trading session to the KRX regular derivatives market through pre-market negotiated transactions on the Eurex market. This is the same method used for existing Eurex-linked products such as KOSPI 200 futures, KOSPI 200 options, and mini KOSPI 200 futures night trading. The pre-market negotiated transactions take place from 7 AM to 8:30 AM.

This Eurex-linked US Dollar futures night trading was initiated to provide domestic and international investors with a means to hedge exchange rate risk on the US Dollar during nighttime hours. Additionally, the exchange expects that enabling continuous trading of US Dollar futures even after the regular market closes will improve the efficiency of the derivatives market, contribute to price discovery, and support market formation in the regular market.

Son Byung-doo, Chairman of the Korea Exchange, stated, “With the listing of the first currency futures, US Dollar futures, on the Eurex-linked market, investors can manage foreign exchange market risks 24 hours a day,” adding, “This also holds great significance in terms of expanding product diversity in the Eurex-linked night market.”

This content was produced with the assistance of AI translation services.