Exchange Strengthens Cooperation with Eurex, Europe's Largest Derivatives Exchange

▲Son Byung-du, Chairman of Korea Exchange (left), and Michael Peters, CEO of Eurex, are taking a commemorative photo after discussing collaborative projects at the Korea Exchange Seoul office on the 6th.

[Asia Economy Reporter Kwon Jae-hee] Sohn Byung-doo, Chairman of the Korea Exchange (KRX), met with Michael Peters, CEO of Eurex, Europe's largest derivatives exchange, on the 6th to discuss cooperative projects between the two exchanges.

At the meeting held in the afternoon at the Seoul headquarters, Chairman Sohn expressed, "I am pleased that the number of trading products in the KRX-Eurex linked night market has increased this year and the market has become more active, meeting investors' demand for night trading." He proposed strengthening cooperation between the two exchanges in various areas such as information exchange, joint marketing, and personnel exchange.

In response, Michael Peters, CEO of Eurex, said, "Eurex is the only global exchange offering night trading of KOSPI-based derivatives and has successfully operated the linked night market for over 10 years." He added, "We look forward to strengthening the strategic partnership with the Korea Exchange going forward."

The KRX-Eurex linked night market started in 2010 with night trading of KOSPI 200 options and currently lists five products: KOSPI 200 options, Mini KOSPI 200 futures, KOSPI 200 futures, US dollar futures, and KOSPI 200 weekly options.

The exchange explained that the trading volume of four products, including KOSPI 200 options and Mini KOSPI 200 futures, recorded the highest level since the market's inception this year.

The exchange stated, "We will continue to strengthen cooperation with global exchanges in various ways to develop the derivatives market."

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