Korea Exchange (KRX) is looking at a possible partnership with the CME Group for trading its currency derivatives during U.S. business hours, The Wall Street Journal reports. The exchange, among the busiest derivatives markets globally, is looking to draw more overseas investors.
KRX’s dollar futures allow investors to speculate on the value of the Korean won versus the U.S. currency. The exchange is planning to list the contracts on CME’s electronic Globex platform to continue trade when the Korean market is closed. Chicago-based CME Group is the largest marketplace for derivatives trading worldwide.
Click here for the story from The Wall Street Journal.