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SPECIFICATION
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Underlying Asset
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KOSTAR Index
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Trading Unit
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One contract
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Contract Months
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March, June, September and December
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Trading Hours
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09:00~15:15(Mon.-Fri.) 09:00~14:50(Last trading day)
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Multiplier
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KRW 10,000
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Tick Size & Value
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0.50 point, representing a value of KRW 5,000
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Last Trading Day
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Second Thursday of the contract month
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Final Settlement Day
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The following day of the last trading day
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Settlement Method
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Cash settlement
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Daily Price Limit
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10% of the previous closing price
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Position Limit
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Net position of 5,000 contracts
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Circuit Breakers
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- When the lead month contract hits ¡¾6% of the previous
closing price for 1 minute, and the difference between the current price
and the theoretical price is ¡¾ 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 stock market is halted. Trading in
the stock 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
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Listing date
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7 - November - 2005
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