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Korea Exchange Will List Star Index Futures In October 2005

Date 11/08/2005

Korea Exchange (KRX) plans to list Star Index futures in October 2005, which will be the first futures product to be launched since the exchange was established in Jaunary this year as a result of the merger of three different exchanges.

KRX has undertaken bold measures to improve the market infrastructure ahead of the opening of Star Index futures.

  • Unlike in the case of the existing KOSDAQ 50 Index futures, securities firms were given the right to clear and settle trades involving Star Index futures. As a result, many investors who are currently trading through a securities company can trade Star Index futures, and KOSPI 200 futures and options together with a single account.
  • In addition, the new index futures will be traded through the trading system currently used for KOSPI200 futures and options, which investors are already familiar with, thereby saving traders transactions costs as well as greatly cutting costs of opening the new market.
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