KOSPI 200 Futures Obtain Qualified Certification from US CFTC
Mini KOSPI 200 Futures Also Certified... Increased Trading Stability for US Investors
[Asia Economy Reporter Minwoo Lee] Domestic derivatives such as KOSPI 200 futures and mini KOSPI 200 futures have been recognized as eligible products by the U.S. Commodity Futures Trading Commission (CFTC).
The Korea Exchange announced on the 19th that it had obtained eligible product certification from the U.S. CFTC for KOSPI 200 futures and mini KOSPI 200 futures products on the 18th (local time).
The U.S. CFTC allows trading by U.S. investors only for overseas stock index futures (multi-diversified indices) that have been certified for investment eligibility by the CFTC, after reviewing the regulatory status of the local exchange, the index, and product specifications.
By obtaining this certification, U.S. investors can trade KOSPI 200 futures and mini KOSPI 200 futures stably, and domestic member companies are evaluated to have enhanced regulatory stability when conducting business with these products in the U.S.
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A Korea Exchange official said, "This certification acquisition means that the domestic derivatives market has become more globalized in terms of international consistency," adding, "Through this, efforts to attract overseas investors and activate trading in the domestic derivatives industry will gain more momentum."
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