Seoul-based Korea Exchange (KRX) and Frankfurt-based derivatives exchange Eurex have struck an agreement allowing Eurex to list, trade and clear daily futures on Kospi 200 options worldwide after South Korean trading hours.Eurex plans to launch the options on South Korea's benchmark stock index in January 2010. The two exchanges say the move will increase the liquidity and efficiency of the South Korean market.
KRX and Eurex's parent, Deutsche Börse, signed a memorandum of understanding on January 30, 2007, which initiated a joint working group to explore co-operation in the derivatives market, and this agreement is one of the first joint projects.
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