Exchange to Operate 30-Year Treasury Bond Futures Simulated Market from the 17th
The Korea Exchange announced on the 16th that it will operate a simulated market for five weeks from the 17th of this month to the 16th of next month to review the preparations for market opening between the exchange and its members in order to promote the listing of 30-year government bond futures.
Through the operation of the simulated market, the exchange plans to inspect the system and institutional arrangements step-by-step under conditions identical to the actual situation before the market opening. It will check product specifications, stabilization of trading and clearing settlement systems, market operation practices, the immediacy of market measures such as discretionary market suspension and item-specific actions. The test targets are the newly planned listings of 30-year government bond futures, including two settlement month contracts and one spread futures contract.
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The exchange plans to list the 30-year government bond futures on the 19th of next month after the simulated market operation.
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