The Korea Exchange held the opening ceremony for the nighttime derivatives market in Busan on the 9th and announced that it would start nighttime trading of derivatives.
The event was attended by Financial Services Commission Chairperson Kim Byung-hwan, Busan Mayor Park Hyung-joon, and National Assembly member Lee Heon-seung, among representatives from securities firms and related organizations.
The newly started nighttime trading is conducted for 12 hours from 6 p.m. until 6 a.m. the next day.
The traded products include seven stock derivative products such as KOSPI 200 futures, mini KOSPI 200 futures, KOSDAQ 150 futures, KOSPI 200 options, mini KOSPI 200 options, KOSPI 200 weekly options, and KOSDAQ 150 options, as well as three FICC (fixed income, currencies, and commodities) derivatives: U.S. dollar futures, three-year treasury futures, and ten-year treasury futures.
Korea Exchange Chairperson Jeong Eun-bo noted in his welcoming speech, "The nighttime trading of derivatives enables swift responses to global economic events, and we expect improved transaction convenience for investors, reduced expenses, and market activation due to the influx of overseas investment demand."
Chairperson Jeong stated, "We will continue to push forward with key capital market projects, such as the listing of carbon allowance futures and KOSDAQ 150 weekly options, to enhance the derivatives market and corporate value."
Chairperson Kim Byung-hwan also stated in a congratulatory speech, "Through the establishment of the nighttime derivatives market, the exchange has solidified its position as a global exchange."