CME Group, KRX Sign KOSPI 200 Futures Agreement

[Soultrader 12]

CME Group, Korea Exchange Sign KOSPI 200 FUTURES Electronic Trade Agreement

 

FYI - News Release here

[brownsfan019 17]

Interesting press release. Should be fun to see how this flows over into the CME. Looking forward to at least being able to watch it.

[brownsfan019 17]

James - what time(s) is this contract the most active? If possible, convert to EST so my lazy butt doesn't have to.

[Soultrader 12]

Its the most active from 8pm EST to 2am EST. The CME session will basically be a evening/overnight session trading period for those based in Asia. I would expect to see as much volume as the ES during off-market hours.

[brownsfan019 17]

That would be interesting to have a contract available here in the evening that has liquidity. Should be fun to see where this goes.

[brownsfan019 17]

The contract, which will trade from 2:00 a.m. to 3:00 p.m. local time Chicago, or 5:00 p.m. to 6:00 a.m. local time Seoul,

 

James - if reading that right from the press release, sounds like it will be closed from 3pm - 2am Chicago team? If that's true, then the hours you mentioned will not be available.

[Soultrader 12]

James - if reading that right from the press release, sounds like it will be closed from 3pm - 2am Chicago team? If that's true, then the hours you mentioned will not be available.

 

No it will not. It looks like the after hours session will be held on the CME similar to the Nikkei.

[brownsfan019 17]

No it will not. It looks like the after hours session will be held on the CME similar to the Nikkei.

 

Bummer. Maybe they will open it up more as it progresses. Or maybe the plan is to keep the main hours AWAY from the CME... lol

[Soultrader 12]

Some more info on the KOSPI due for trading on GLOBEX in Q3 of 2009.

 

Refer to page 25 and on.

CustomerForumUS.pdf