Reuters logo
S.Korea to allow banks to directly trade USD futures -regulator
June 17, 2014 / 5:22 AM / 4 years ago

S.Korea to allow banks to directly trade USD futures -regulator

SEOUL, June 17 (Reuters) - South Korea will allow local banks to start directly trading exchange-listed U.S. dollar futures and 20-year treasury bond futures, to be listed later, its financial regulator said on Tuesday.

The 20-year treasury bond futures will be listed on the exchange within the next one to two years, the Financial Services Commission said in a statement.

Currently, only securities companies are allowed to trade exchange-listed derivatives, it said.

Banks will also be allowed to directly trade exchange-listed futures on the three-, five- and 10-year treasury bonds and more foreign currency futures within the next five years, it added.

South Korea also plans to launch night trading of U.S. dollar futures, between 6 p.m. and 5 a.m. (0900 GMT and 2000 GMT) and newly list more futures products based on stocks, the commission said.

Reporting by Christine Kim; Editing by Choonsik Yoo & Kim Coghill

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below