10 additional single stock futures will be listed on Dec 14, 2009 since the Korea Exchange introduced 15 single stock futures for the first time on May 6, 2008.
Of the stocks that satisfy the selection criteria related to the market share within the industry group and liquidity, the 10 single stock futures to be listed in December have been chosen by taking into consideration the inputs of securities companies, including how frequently the underlying stock has been used in developing equity linked products such as ELWs, ELSs and single stock options.
The issues selected are:
- Kia Motors(Motor Vehicle),
- Daewoo Securities(Securities),
- Korean Air(Transport),
- Doosan Infracore(Machinery),
- Samsung C&T(Distribution),
- Hynix(Semiconductor),
- Hyundai Steel(Steel),
- GSE&C(Construction),
- NHN(Service),
- SK Energy(Chemical)
As a result, after December 14, 2009, total of 25 single stock futures will be listed on the Korea Exchange.
It is expected that listing of these additional single stock futures will further facilitate new trading strategies to meet the demand of foreign and domestic market participants.
Source:MondoVisione, 17.11.2009
Filed under: Asia, Exchanges, Korea, News, Exchanges, Futures and Options, Korea, KRX Kores Stock Exchange, Listing
