SKOFX Lists Mini SKOFX Top 40 Futures Contract for Retail Investors
SKOFX listed a Lists Mini SKOFX Top 40 futures contract which now allows retail investors to invest on the Mini SKOFX Top 40 Index
Seoul (I-Newswire) February 5, 2014 - SKOFX listed a Lists Mini SKOFX Top 40 futures contract which now allows retail investors to invest in a future or option on the future on the Mini SKOFX Top 40 Index. This contract will be known as the SKOFX40.
"The existing Mini SKOFX Top 40 futures contract is valued at approximately USD 300,000, which is out of reach to many retail investors because their USD exposure would be too high," explains Robert Namkung, General Manager of Trading at the SKOFX. "Now, with the listing of the Mini SKOFX Top 40 futures contract, the contract size is 100th of the size of the current Top 40 futures contract which means that the investor can get the same exposure to the SKOFX Top 40 futures but at approximately USD 3,000 exposure per contract."
According to Mr. Namkung, the development and subsequent listing of the Mini SKOFX Top 40 futures contract came about due to increasing pressure from retail investors via their brokers to be able to obtain a future or option on the SKOFX Top 40 futures Top 40 without the large exposure.
The Mini SKOFX Top 40 futures contract is in line with international trends that has seen the successful launch of the worldwide mini-contracts.
"As we've seen with the successful launch of other derivative products on our markets, such as Single Stock Futures and Currency Futures, as a result of investor demand, we anticipate that the Mini SKOFX Top 40 futures contract will follow in much the same vein," concludes Mr. Namkung.
South Korea Options and Futures Exchange (SKOFX) is one of the world's leading futures and options trading venues, with markets based in the Asia, US and Europe offering derivatives on commodities, FX, equities, bonds, interest rates, indices and swaps. Its commercial technology division, SKOFX Technologies provides best-in-class transaction, data, and infrastructure management services and solutions.
SKOFX has been established in 2007 thru the merger of the Korean Grain and Rice Exchange and the Bus More..an Metals Exchange.
Starting with February 2014 - SKOFX has lunched the new website, www.skofx.org. The new website is hosting the upgraded trading engine/platform, which is posed to make trading easier for all SKOFX clients thru new tools and technologies.Less..
Phone : 8227314874
Published On:February 5, 2014
Print Release:Print Release
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