INTERNATIONAL: KRX Signs Contract with Cboe to Jointly Develop Indices

Wednesday April 26 2023

On 25^th April 2023, the Korea Exchange (KRX) announced that it had signed a contract to jointly develop indices with Cboe Global Markets’ affiliate Cboe Global Indices (Cboe) in Chicago. 

The purpose of this contract is to develop advanced strategic indices based on Korean derivatives, as the investment demand for strategic index products has increased due to the recent increase of market uncertainty. 

Under the contract, Cboe Global Indices (CGI) will provide methodologies for the calculation of two derivative strategy indices, and KRX will calculate the indices by applying the methodologies to Korean derivatives, including Korean Composite Stock Price Index (KOSPI)200 options. 

With this contract, the parties plan to first develop a strategic index using KOSPI 200 options, seeking to reflect an investor’s strategy that is designed to produce stable mid- to long-term returns. 

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