Stock Index Product
Stock Index Product is one of the indicators of the economic climate and the index can vary depending on diverse factors like economy,
government policy and natural disasters.
Commodities for trading are
KOSDAQ150 FUTURES,
KRX300 FUTURES,
KOSDAQ150 OPTIONS,
KOSPI200 FUTURES ,
KOSPI200 OPTION,
KOSDAQ150 FUTURES
KOSDAQ150 FUTURES target the KOSDAQ150 INDEX (calculated in January 4th, 2010. 1,000p) consisting of 150 items selected in the light of market representative, sector representative and liquidity to go well with the stream of the KOSDAQ composite index, focusing on the technology sector of the KOSDAQ market. Cash settlement is required for the final clearing.
Specification
| Underlying asset | KOSDAQ 150 index |
|---|---|
| Trading unit | Trading unit KOSDAQ 150 option price x10,000 (trade multiplier) |
| Payment month | Monthly |
| Listing payment month |
2 in non-quarter month and 4 in quarter month (Mar., Jun., Sept., Dec.) |
| Exercise price setting |
ㆍHow to set exercise price on the trading commencement date for each payment month :1 ATM, 8 ITMs, and 8 OTMs at interval of 25 point ㆍStock price setting so that the number of exercise price can be kept always, on the basis of ATM depending on index fluctuation :setting so that each 8 can be kept at the top and bottom of ATM (at interval of 25 point) ㆍAdditional setting of exercise price like above according to the order of payment month upon listing the new payment month with the advent of final trading day |
| Price indication | Premium (point) |
| Asking price unit | ㆍless than premium 50 point: 0.1 point ㆍmore than premium 50 point: 0.5 point |
| Minimum price fluctuation |
ㆍless than premium 50 point: 1,000 won (10,000 x 0.1 point) ㆍmore than premium 50 point: 5,000 won (10.000 x 0.5 point) |
| Trading hour | 09:00 ~ 15:45 (09:00 ~ 15:20 for the last trading day) |
| Final trading day | The second Thursday on each payment month (in case of closure day, shall be brought forward in order) |
| Last clearing date | The following trading day of the last trading day |
| Executing rights | Possible only on the last trading day (European type) |
| Payment option | Cash settlement |
| Price limit | Shall be expanded by stages compared to the base price ① ±8% ②±15% ③±20% |
| Margin money base price |
Final agreed-upon price (in case of absence of final agreed-upon price, option theory price) |
| Base price | Base price of the margin money on the previous day |
| Single price competitive transaction |
Upon opening (08:30~09:00) and upon transaction completion (15:35~15:45) |
| Listed on | Mar. 26, 2018 |
