Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

KRX Derivatives Monthly - January 2010

Date 05/02/2010


January 2010
3,392.20        186.56
In 2009, demand for derivatives increased when global financial uncertainties continued. Compared with a year earlier, daily average trading volume was 12,310,000 contracts, an increase by 5.5% and the daily average trading value was 43 trillion won, an increase by 23.1% showing record high and continued growth trends.

Starting January 18, 2010, KRX calculates and announces U.S. Dollar Futures index. The U.S. Dollar Futures index is calculated based on the price of the spot month listed at the KRX U.S. Dollar Futures market. KRX expects they will be used as the base index of the U.S. dollar ETF, fund and others.
 
(Unit : Contracts)
Month/Yr Total Volume Av. Daily Volume Av. Daily Open Interest
January 2010 7,106,209 355,310 107,734
 
(Unit : Contracts)
Month/Yr Total Volume Av. Daily Volume Av. Daily Open Interest
January 2010 271,468,361 13,573,418 3,706,879
 
(Unit : Contracts)
Month/Yr Total Volume Av. Daily Volume Av. Daily Open Interest
January 2010 1,696,822 84,841 167,577
 
(Unit : Contracts)
Month/Yr Total Volume Av. Daily Volume Av. Daily Open Interest
January 2010 4,748,382 237,419 979,965
(Unit : %)
Securities, Futures Banks Trusts Insurances Others Individuals Foreigners
KOSPI200 (F) 46.1 0.3 0.6 0.2 1.2 27.0 24.4
US Dollar (F) 39.5 22.6 8.6 0.4 2.8 17.8 6.8
3-Yr KTB (F) 48.6 24.6 2.9 3.5 0.7 9.4 9.8
KOSPI200 (O) 32.0 0.0 0.8 0.5 0.5 34.2 32.0
¡Ø Futures : volume basis, Options : value basis
With the advent of January 2010, index rose slightly at the expectations with respect to the effects of the beginning of the year. After that, unfavorable factors continued such as China¡¯s implying possible tightening policy and U.S. government¡¯s regulation on large commercial banks, and when the selling tendencies continued around foreigners, index stumbled and the market closed at 209.40p, down 13.10p(5.89%) compared with that of the previous month 222.50p.
The market started high at the news that the Monetary Policy Committee froze base interest rate and that the Vice-Minister of Strategy and Finance would regularly attend the Monetary Policy Committee meetings.. In middle session, the climbing trends became somewhat stagnant owing to burdens on climbing; however, the rising level was expanded when worries over possible increase in base rate were relaxed and foreigners started large-scale net buying, with the market finally closing at 109.70p, up 1.08p(0.99%) compared with that of the end of a month earlier 108.62p.
The U.S. Dollar Futures showed significant level of decline in early month when dollars showed weak trends because of the U.S. Federal Reserve System¡¯s policy to maintain low interest rate and foreigners¡¯ net buying of stocks. It reversed to upward trends when China indicated possible tightening policy and the U.S. indicated regulation on large banks. After that, the market increased its level of rise due to strengthened preference for safe assets following the fall at the global stock market at the end of the month and foreigners¡¯ net selling, finally closing January at 1,160.1won, down 4.9 won (0.4%) compared with that of the end of previous month 1,165.0won.