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03 Nov 2021

Eurex

Equity Index and FX Derivatives: Eurex KOSPI Derivatives and USD/KRW Derivatives: Korean Exam Holiday and options strike price pattern change

Eurex Circular 099/21 Equity Index and FX Derivatives: Eurex KOSPI Derivatives and USD/KRW Derivatives: Korean Exam Holiday and options strike price pattern change

1.   Introduction

This circular contains information for Trading Participants about KOSPI Derivatives and USD/KRW Derivatives at Eurex:

A.  Due to the South Korean Exam Day on 18 November 2021, changes to the starting times for Pre-Trading and Continuous Trading will apply on that day for trading of the Eurex KOSPI Derivatives (FMK2, FBK2, OKS2) and for trading of the Eurex USD/KRW Derivatives (FCUW).

B.  Starting 29 November 2021, the Korea Exchange (KRX) will amend the strike price interval of KOSPI 200 Options. As per the Contract Specifications of Eurex Deutschland, the number of Eurex Daily Futures Contracts on KOSPI 200 Options Contracts admitted to trading will correspond to the number of options series of the KOSPI 200 Options Contract transferred by KRX to Eurex Deutschland.

2.    Required action

Please take the changed trading hours on 18 November 2021 into consideration for your trading activity.

3.    Details 

A.    Eurex KOSPI Derivatives FMK2, FBK2, OKS2 and Eurex USD/KRW Derivatives FCUW:

Trading phase

Start on 18 November 2021

Regular start time

Pre-Trading

10:30 CET

9:30 CET

Continuous Trading

11:00 CET

10:00 CET

All other times of the trading phases on 18 November 2021 follow the regular schedule which is available on the Eurex website www.eurex.com under this link: Eurex KOSPI Products.

B.    Strike price interval change for KOSPI 200 Options Contracts

Please refer to the KRX Derivatives Market Notice_2 (Oct 22, 2021) available on the KRX website for more information about the change in strike price interval: Global KRX | KRX Market | Information Center | Publication | NewsLetter


Further information

Recipients:

All Trading Participants of Eurex Deutschland and Vendors

Target groups:

Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination

Contact:

client.services@eurex.com

Web:

www.eurex.com 

Authorized by:

Randolf Roth


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