Major trading schemes for KOSPI 200 Futures
< Major trading schemes for KOSPI 200 Futures >
Items Contents
Products KOSPI 200 Futures (excluding spreads)
Trading days (excluding holidays) Monday night ~ Saturday morning (18:00 ~ 05:00)
Trading hours 18:00 ~ 05:00 next day (Korean time)
Base price Base price of regular session on the next trading day(T+1 day)
Price limit ± 5% of closing price for regular session(± 10% for regular session)
Order quantity limit 100 contracts (1,000 contracts in regular session)
Order type Limit order only (FOK and IOC conditions are acceptable)
Order correction Corrections for quantity or simultaneous corrections for quantity & price are acceptable (not possible in the regular session)
Order cancellation Partial cancellation is not acceptable (can be replaced by a change in quantity)
Order can be cancelled only if the entire quantity of order is cancelled(whole amount cancellation only)
Limit on excessive orders Orders exceeding the criteria on quantity are rejected (the quantity criteria are different from those of the regular session)
Trading method Continuous trading (excluding the single price auction)
Publication of quotes
  • Best 5 bids and offers are available.
  • Total number of bids and offers is not disclosed.
Clearing and settlement Added up to the trading amount of next regular session to be cleared and settled after the closing of next regular session.
Mark-to-market Added up to the trading amount of next regular session and settled after the closing of next regular session.
Settlement price Closing price of the next regular session
Other systems Same as the regular session
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