CME Group, Korean exchange announce partnership

AP News
Posted: Nov 16, 2009 4:33 PM

Exchange operators CME Group Inc. and Korea Exchange Inc. said Monday they will team up to offer customers after-hours futures trading for stocks of South Korea's 200 largest publicly traded companies.

Access to the KOSPI 200 Futures index, a barometer of Korea's stock market, will be hosted on the CME Globex electronic trading platform. During the initiative's first phase, trading orders will be routed through the Korean exchange's Unified System for Global trading. Direct access through global CME Globex connections is subject to regulatory approvals.

Shares of Chicago-based CME Group rose $4.72, or about 1.5 percent, to $318.48.