Korean Kospi 200 Futures Now Available for US-based Customers...

This is a North Korean contract?

 

Yup, that's right. There's a thriving market in equities derivitives in Noth Korea. It's part of the great leap forward.

 

Quote from parabolic:

This is a North Korean contract?


Yup, that's right. There's a thriving market in equities derivitives in Noth Korea. It's part of the great leap forward.


ARe you sure this is for Noth Korea and not for South Korea?

 

Yes its definitely North Korean. Derivatives are an important step towards Nuclear Weapons.

 

What is the tick value?
What is the IB margin?

 

IB Margin Exchange rate Margin USD
1168500 Won 0.0007302 $853.29USD

Is $853 correct margin for Kospi?

Minium tick .01 value x500,000Won

Tick = $ 36.50USD

Please check my math.

 

I think it's actually $8532 margin. Check your math.

 

You need to carefull if you trade Kospi Futures with IB on US servers as i think the US servers are reset during active Kospi trading hours!

So your trading will be interrupted. Also because the Kospi exchange doesnt support native stops, your IB stops wont be active during the server reset .

I think IB state the reset is less than a minute. But they dont garantee this.

 

Can anyone confirm there is no lunch break for the kospi?

 

No lunch break but it tends to drop just before the HK lunch break.


The comments about the US server reset are correct. The reset is normally not more than a minute but it can drive you nuts. Move to the HK server.