Published On: Wed, Jul 21st, 2010

CS, Merrill and Newedge Participate in Nighttime Trading of K200 Future

Since the Korea Exchange (KRX) has diversified the order routing methods for the nighttime trading of KOSPI 200 Futures on CME Globex on June 7, 2010, the several foreign securities companies operating the branch office in Korea have made the decision to participate in the nighttime trade of KOSPI 200 Futures.

For instance, the Seoul Branch offices of Credit Suisse Securities and Merrill Lynch International began their nighttime trading on June 7 and July 19, respectively and the Newedge Financial is scheduled to begin the nighttime trading on August 16, 2010.

With the launch of daily futures on KOSPI 200 Options on EUREX that is scheduled on August 30, 2010, the trading strategy linking KOSPI 200 Futures and KOSPI 200 Options such as arbitraging, as well as the risk management demand, would increasingly be utilized. Hence, it is expected that foreign investor participation in the nighttime trading of KOSPI 200 Futures and KOSPI 200 Options would grow significantly.

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