Futures & Options Guide
Stock Index Products_KOSTAR Futures
KOSTAR Futures
| Underlying Asset | KOSDAQ STAR Index |
|---|---|
| Contract Size | KOSTAR Futures price times KRW 10,000 |
| Contract Months | The four consecutive near months from the quarterly cycle(March, June, September and December) |
| Trading Hours | 9:00 ~ 15:15 (9:00 ~ 14:50 on the last trading day) |
| Tick Size & Value | 0.5 point, representing a value of KRW 5,000 |
| Last Trading Day | Second Thursday of the contract month |
| Final Settlement Day | The following day of the last trading day |
| Final Settlement | Cash |
| Daily Price Limit | ±10% of the base price |
| Position Limit | Net position of 5,000 contracts |
| Circuit Breakers | When the lead month contract hits ±6% of the previous closing price for 1 minute, and the difference between the current price and the theoretical price is ± 3% or more, the trading of all contracts are halted for next five minutes. For the next ten minutes following the cooling-off period, orders are collected and then matched at a single price. As well, the futures and options markets are automatically suspended if the KOSDAQ market is halted. Trading in the KOSDAQ market is halted for twenty minutes if the KOSDAQ falls 10% or more from the previous closing value and this continues for one minute or longer. |
| Listing date | November 7, 2005 |
- Contents Manager :
- Derivatives Market Division/Equity Derivatives Development & Regulations/Seo Jae Ock(051-662-2799)
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