- Use of the existing trading schemes and electronic systems
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- After the market transfer, the existing futures/options trading schemes and electronic systems will be utilized without any change to minimize inconvenience to investors and avoid the occurrence of any transfer costs.
- Regulated by the existing KSE rules/regulations
- The Futures/Options Business Regulations of the KSE will be adopted by the KOFEX with its Business Regulations and Contract Entrustment Rules, thus incurring no inconvenience in referring to relevant rules and regulations.
- Market operated and managed by the same KSE staffs, who will be dispatched to KOFEX
- To ensure the continuality and stability in market operations, the KSE staffs are posted at KOFEX for market operation and management until the integrated exchange will be launched.
- Staff of Futures/Options Market Management Department of the KSE are posted at KOSPI 200 Management Team of the KOFEX, whereas staffs of Futures/Options Market Operation Department of the KSE are posted at KOSPI 200 Operation Team of the KOFEX.
- KSE and KOFEX jointly liable for settlement default
- To enhance the reliability of settlement, KOFEX and KSE take a joint responsibility for trade settlement after the transfer of the KSE equity derivatives to the KOFEX.
- Customer services by KSE staffs posted at KOFEX
- Any inquiry about rules/regulations on futures/options trading, appealing, correction of quotation errors, and clearing & settlement can be directed to the KSE staff posted at KOFEX. Please contact the KOSPI 200 Management Department, or KOSPI 200 Operation Department (Contact address and telephone number will be announced soon).
- Trading hour on the first trading day of 2004 (January 2, 2004) is from 10:00 to 15:15.
FTSE Mondo Visione Exchanges Index:
Korea Stock Exchange: Transfer Of KSE-Listed Futures/Options Products To KOFEX
Date 26/12/2003
KOSPI 200 futures/options, and equity options (hereinafter referred to as the KSE equity derivatives), which are presently traded on the KSE market, will be transferred to and traded on the KOFEX on the first trading day of 2004 and thereafter. However, the operations of the KSE equity derivatives market will be entrusted to the KSE to ensure the stability of the market and minimize inconvenience to investors and market participants. Followings are major arrangements taken by the KSE and KOFEX.
