South Korea offers Eurex direct market access 19 February 2013South Korea Reporter: Georgina Lavers
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Eurex Exchange, the international derivatives marketplace, has been granted permission to offer products in South Korea.
The South Korean Financial Services Commission admitted Eurex’s full suite of products in South Korea without objection, building on the link that the exchange has built with the Korea Exchange (KRX).
The new possibility of a direct membership will further enhance the Eurex/KRX cooperation and strengthen the ties between Korean and German financial markets.
“We are very delighted by the Korean regulator’s decision to allow Eurex to offer direct access to market participants located in Korea. This is an exciting opportunity to admit additional customers to our robust and reliable network and offer them direct access to our diverse, highly liquid futures and options product suite,” said Michael Peters, member of the Eurex executive board.
Financial institutions from South Korea now have direct access to the Eurex Exchange network and to the Eurex products including benchmark index futures based on indices like EURO STOXX 50®, DAX® and SMI®; Europe’s most important interest rate derivatives Bund, Bobl and Schatz; as well as directly participate in trading daily futures on KOSPI 200 Options at Eurex during Korean after-hours.
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