The [Korea goyounghun financial newspaper reporter] cut in half the KOSPI 200 derivatives trading multiplier Korea Exchange from the 27th.
Exchange announced that it cut a deal multiplier of 13 days 'work derivatives market regulations enforcement regulations amendments' announcement and the KOSPI 200 is derived from products coming 27 days, and investors entering the maintenance regulations. This follow-up to last year's announcement of the Finance Committee jochida.
Exchanges of precise arbitrage, hedging transactions the US S & P500 futures that cuts a deal multiplier in a similar level of international leading index derivatives to be in option (250 dollars), euro Stoxx50 futures and options (10 euros) compared to the KOSPI 200 futures and options the multiplier was trading more than doubled in many states. KOSPI 200 futures contracts per transaction amount will be reduced by about 65 million won from the current approximately 130 million won.
Exchange equity derivatives market department bakchansu said, "trade multiplier and as cut in half, the investor holds open interest volume increased 2-fold in" and "In conjunction with the call volume limit, accumulated arc quantity limits, excessive hogwa charges based on quantity Open interest is held and even enlarged twice and a minimum reduction per contract amount of evidence, "he said.
Exchanges maintenance investment goods available and compulsory education according to the risk and the risk appetite of investors in derivatives, and apply the same entry barriers and gifts for the loss of limited options, number of copies, and then remove the compulsory education have the option sale trading education strengthening the commitment entries.
Derivatives also simplify the listing process, and enhance the effectiveness of the listed derivatives market in transfer duties prescribed by the Administrative Instructions to New provisions of the Derivatives Specification (detailed trading assets and multipliers, etc.).
Depending on the exchange side said it would fine-arbitrage hedge transactions become possible due to the lower trading multiplier strengthening the derivatives market risk inherent management capabilities, enhance investment product classification and available training options that meet the risk appetite of investors.
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