The Korea Exchange (KRX) participated in the “FIA Futures Option Expo” in Chicago, the United States, from Nov. 3-5 and marketed its derivative products at the international stock exchange event, the KRX said recently.
Some 5,000 people from stock exchanges, clearing houses, institutional investors and brokers came to the 31st annual event for derivative products hosted by the Futures Industry Association (FIA), which has members in 25 countries around the world.
The Korea Exchange also attended the annual event every year to seek out potential investors in its derivative products and expand its overseas operational bases through its marketing programs and sales activities.
Director Kang Ki-won of the Korea Exchange Derivative Products Market led the Korean participators in the international event to push the current strategy to globalize the Korean stock exchange.
The KRX also tried to boost the position of the Korean derivative products in the world derivative products markets and to upgrade the international image of KRX as an advanced stock exchange.
The KRX also operated a booth with member firms of the Korea Stock Exchange at the event to publicize the derivative products market in Korea to potential investors in the U.S., including institutional investors, so they can participate in the stock market in Korea. The KRX focused its marketing efforts particularly on the Mini-Kospi 200 Futures and Option, CHN/KRW, derivative products in Yuan and the dividend index futures.
To upgrade the image of the new futures products, the KRX also tried to publicize the Kosdaq 150 Futures to be put on the stock exchange in November, instead of the existing Star Index Futures.
The KRX also participated in joint conferences held by eight stock exchanges in eight countries, including in the Middle East and Asia, to make an effort to lead the derivative products markets in the regions by forming partnerships, such as Phillip Capital’s “Trading Asia Symposium.”
The stock exchange also tried to entice U.S. institutional investors and other foreign investors to the KRX derivative commodities market through negotiations on "the Part 30 exemption” with the U.S. Commodity Futures Trading Commission.
The KRX plans to continue its marketing programs to attract more foreign investors by holding “One-Day Sales” events in key locations around the world.
The Korea Exchange was created through the integration of Korea Stock Exchange, Korea Futures Exchange and KOSDAQ Stock Market under the Korea Stock & Futures Exchange Act. The securities and derivatives markets of former exchanges are now business divisions of Korea Exchange: the Stock Market Division, KOSDAQ Market Division and Derivatives Market Division.
As of January 2015, Korea Exchange had 1,814 listed companies with a combined market capitalization of $1.2 trillion. Sustainable Stock Exchanges The exchange has normal trading sessions from 9:00 a.m. to 3:15 p.m. Monday-Friday.
On May 22, 2015, The Korea Exchange joined the United Nations Sustainable Stock Exchanges initiative in an event with the UN-SG Ban Ki-moon in attendance, as well as senior officials from UN Global Compact and UNCTAD.
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A view of the KRX counter at FIA Futures Option Expo held in Chicago, the U.S., on Nov. 3-5.(Photos:KRX)
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