Eurex Exchange, the international derivatives marketplace, announced today that it has received confirmation from the South Korean Financial Services Commission (FSC) to offer its full suite of products in South Korea without objection. Eurex has already established a very successful cooperation with the Korea Exchange (KRX), the Eurex/KRX Link.
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 leading Eurex Exchange 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.
to £65K base, double OTELondon, UK
© Finextra Research 2015