Korea Exchange to Launch Its Own Night Trading for Derivatives on June 9
The Korea Exchange announced on May 28 that it will launch its own night trading for derivatives on June 9.
The night trading session will run for 12 hours, from 18:00 to 6:00 the following day. From 17:50 to 18:00, opening single-price orders will be accepted. At 18:00, the opening single price will be determined. From 18:00 to 5:50 the next day, continuous trading will take place. From 5:50 to 6:00, closing single-price orders will be accepted, and at 6:00, the closing single price will be determined.
The products available for trading will be 10 major KRX derivatives with high liquidity. These include seven equity derivatives: KOSPI200 Futures, Mini KOSPI200 Futures, KOSDAQ150 Futures, KOSPI200 Options, Mini KOSPI200 Options, KOSPI200 Weekly Options (monthly and Thursday contracts), and KOSDAQ150 Options, as well as three FICC (Fixed Income, Currency, and Commodity) derivatives: US Dollar Futures, 3-Year Treasury Bond Futures, and 10-Year Treasury Bond Futures.
Clients will be able to participate in both regular and night trading using the same account. Night trading will be considered part of the same trading day as the regular session that falls on the day when night trading ends (6:00 a.m.). However, if the day when night trading begins (18:00) is a holiday for the regular session, night trading will also be closed.
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The Korea Exchange cited several expected benefits of launching its own night trading: expanded risk management opportunities, enhanced investor convenience, and improved market efficiency. A Korea Exchange official explained, "With extended trading hours, the session now fully overlaps with the US stock market hours, making real-time risk management easier. Investors can also participate in night trading using the same procedures and methods as during regular hours." The official added, "Compared to the previous Eurex-linked trading, the trading structure is now simplified, reducing the cost for market participants to engage in night trading."
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