The Korea Exchange is seeking to list currency derivatives for after-hours trading, The Wall Street Journal reports. The introduction of after-hours trading of won futures will involve a tie-up between the South Korean bourse and an overseas exchange.
The move will help expand accessibility to off-hours currency trade by making it available to smaller businesses and retail investors. The trade will take place outside the 9am-3pm spot market hours in Seoul through the non-deliverable forward market, which works as a hedging mechanism for big institutions to their won exposure.
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