Korea Exchange Holds Nighttime Derivatives Market Opening Ceremony

On June 9, the Korea Exchange held a "Nighttime Derivatives Market Opening Ceremony" in Busan, announcing the launch of its own nighttime trading for derivatives products.

The event was attended by Kim Byunghwan, Chairman of the Financial Services Commission; Park Hyungjun, Mayor of Busan Metropolitan City; Lee Heonseung, National Assembly member; as well as representatives from securities firms and related organizations.

In his welcoming remarks, Chairman Jung Eunbo stated, "Through our own nighttime derivatives trading, we will be able to respond promptly to global economic events, expect improved convenience and reduced costs for investors, and anticipate market revitalization as overseas investment demand flows into the domestic market." He added, "Going forward, we will steadfastly pursue key capital market initiatives such as the advancement of the derivatives market, including the listing of emissions futures and KOSDAQ150 weekly options, as well as corporate value-up projects."

In his congratulatory address, Kim Byunghwan, Chairman of the Financial Services Commission, emphasized, "The introduction of the nighttime derivatives market is a continuation of our efforts to enhance the global competitiveness of our capital markets. It enables proactive responses to changes in the global financial markets that occur overnight." He added, "With the launch of the nighttime derivatives market, the Exchange has further solidified its position as a global exchange."

Park Hyungjun, Mayor of Busan Metropolitan City, stated in his congratulatory remarks, "The two driving forces of Busan are the maritime logistics industry and the financial industry. If Busan grows into a global financial city, then Korea will truly have two hearts, and at the center of that is the Korea Exchange."

Until now, the Exchange operated regular derivatives trading (from 8:45 a.m. to 3:45 p.m.) on its own, while nighttime trading was conducted in conjunction with Eurex, the European derivatives exchange. This required separate trading applications and linked accounts, causing inconvenience. Going forward, investors will be able to trade at night without additional procedures, as long as they have a regular Exchange account. Clients can participate in both regular and nighttime trading using the same account.

The Exchange's own nighttime trading will run for 12 hours, from 6:00 p.m. to 6:00 a.m. on weekdays. If the day on which nighttime trading begins is a holiday for regular trading, nighttime trading will also be closed on that day.

The list of tradable products will expand from the existing five (KOSPI200 futures, mini KOSPI200 futures, KOSPI200 options, KOSPI200 weekly options, and US dollar futures) to include five additional products: KOSDAQ150 futures, mini KOSPI200 options, KOSDAQ150 options, 3-year treasury bond futures, and 10-year treasury bond futures.

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